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Fonterra posts 30% rise in earnings on back of China demand

Fonterra posts 30% rise in earnings on back of China demand
By Wang Zhuoqiong |
chinadaily.com.cn |
Updated: 2021-05-30 15:31
Visitors check out Fonterra products during the third China International Import Expo in Shanghai in November. [Photo provided to China Daily]
Chinese market has led the progress for world leading dairy producer Fonterra as the country s economy continues to recover strongly, recording a 30 percent rise in earnings before interest and tax year-on-year, said Fonterra s top executive.
Fonterra Co-operative Group CEO Miles Hurrell said in the company s fiscal third quarter report that prompted by COVID-19, people are seeking the health benefits of milk and customers are wanting to secure their supply of New Zealand dairy products and ingredients. Growth in global milk supply seems muted and the global supply of whole milk powder is looking constrained. ....

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Wilmington's nCino banks equity stake in its Tokyo subsidiary

WILMINGTON- Fintech nCino Inc. (NASDAQ: NCNO), which sells cloud banking and digital transformation solutions for the global financial services industry, says Mitsubishi UFJ Capital has acquired an equity stake in its Tokyo subsidiary.
Mitsubishi Capital is the venture capital arm of the Mitsubishi UFJ Financial Group, and SMBC Venture Capital Co., Ltd., an affiliate of Sumitomo Mitsui Banking Corp.
The company also said it has named Itsuki Nomura, formerly of Dell Technologies, has been named general manager of nCino’s Tokyo office.
nCino partnered with Japan Cloud in 2019 to establish nCino K.K., after previously opening offices in London, Toronto and Sydney, to expand its international presence and help transform the Japanese financial services industry. ....

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nCino's Japanese Subsidiary, nCino K.K., Attracts New Investors and Names General Manager Nasdaq:NCNO

nCino's Japanese Subsidiary, nCino K.K., Attracts New Investors and Names General Manager Nasdaq:NCNO
globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.

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