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Earnings roundup: DP World, Vimpel Communications



By AP
28 August 2008 @ 02:41 pm EST

Among the earnings stories for Thursday, Aug. 28, from AP Financial News:

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DUBAI, United Arab Emirates (AP)--Port operator DP World on Thursday reported an 80 percent jump in first-half profit, and said it remains committed to international growth despite signs of a short-term slowdown in the shipping industry.

NEW YORK (AP)--Russian telecommunications provider Vimpel Communications on Thursday reported its earnings and revenue grew in the second quarter.

SAN FRANCISCO (AP)--Del Monte Foods Co. said Thursday it swung to a fiscal first-quarter loss as costs of ingredients and raw products climbed faster than the company could raise prices on its products.

NEW YORK (AP)--Origin Agritech Ltd., a Chinese seed company, said Thursday its fiscal third-quarter profit jumped 63 percent as rising selling prices and lower marketing costs expanded gross margins.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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