MGPI continues to see benefits of ingredients shake-up

MGPI’s restructuring pays off in Q1

09-Nov-2009

MGP Ingredients has reported a net income of nearly $4m for the first quarter of fiscal 2010 on the back of lower energy and commodity prices, as well as restructuring which slashed its payroll costs.

MGP Ingredients forecasts ‘positive turnaround’

23-Oct-2009

MGP Ingredients has said it expects a significant positive turnaround in the first quarter of fiscal 2010, as it hopes to exit a transition period toward value-added ingredients.

MGP slims to focus on higher margin ingredients

14-Sep-2009

MGP Ingredients has reported a slump in fourth quarter sales of over 50 percent after reducing production and cutting out unprofitable product lines.

MGPI continues to see benefits of ingredients shake-up

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.

Related Topics

MGPI’s restructuring pays off in Q1

MGP Ingredients forecasts ‘positive turnaround’

MGP slims to focus on higher margin ingredients