Cerebos

Cerebos: Rev was up 5.0%qoq at $270.6m Net profit of $42.6m for the 4Q Dec 2010, up 16%yoy from $36.8m, relatively good set of results. Most of its business units did well with overall improvement in operating margin at 22.2% for the quarter compared to prev yr 19.3%, and the company also benefited from translation gains in some of its key markets…

Sales for 15 mth period from Australasia was $471.9m - mainly from good coffee, sauces and gravies sales - and operating profit was $27.1 million on the back of the higher turnover. For Asia, the health supplements sales was driven by better performances in Thailand, Taiwan, China, HK and Sg, fuelled by investments in brand building and core competencies. Announced a dividend payout of 32c approx 6.6% yield.