MGP Ingredients has said that its increasing focus on value-added ingredients has contributed to an ongoing turnaround in its finances – reporting a $4.8m net profit for Q2 2010, compared to a $47.7m loss in Q2 2009.
Food and beverage packaging supplier, Borealis, reported a fall in pre-tax profit to €239m for 2008, down 55 per cent from the record profit of 2007, but it maintained that its results were solid despite the deteriorating market conditions.