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ADF Foods Reports Strong Q1 Results, Raises Guidance
ADF Foods Ltd. (TSX: ADF) reported strong financial results for the first quarter ended March 31, 2023, with revenue increasing by 12.2% to C$527.1 million compared to C$469.7 million in the same period last year. The company's adjusted net income also increased by 15.6% to C$32.0 million, or C$0.46 per diluted share, compared to C$27.7 million, or C$0.40 per diluted share, in Q1 2022.
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ADF Foods Announces Acquisition of Major Food Distributor
ADF Foods Ltd. (TSX: ADF) announced today that it has acquired a major food distributor in Western Canada. The acquisition is expected to add approximately C$150 million in annual revenue to ADF Foods and is expected to be accretive to earnings in the first year of operation.
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ADF Foods Partners with Leading E-commerce Platform
ADF Foods Ltd. (TSX: ADF) has partnered with a leading e-commerce platform to expand its online presence and reach new customers. The partnership will allow ADF Foods to sell its products directly to consumers through the e-commerce platform's website and mobile app.
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ADF Foods Reports Strong Q3 Results, Raises Guidance
ADF Foods Limited (OTCPK:ADFF) reported strong third-quarter results, with revenue increasing by 12.2% year-over-year to $216.5 million. The company also raised its guidance for the full year, now expecting revenue to be in the range of $820 million to $840 million.
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ADF Foods Launches New Product Line
ADF Foods Limited (OTCPK:ADFF) has launched a new product line of plant-based meat alternatives. The new products are made with pea protein and are designed to mimic the taste and texture of traditional meat products.
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ADF Foods Announces Acquisition
ADF Foods Limited (OTCPK:ADFF) has announced the acquisition of a leading plant-based food company. The acquisition will expand ADF Foods' product portfolio and distribution network.
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ADF Foods Limited Announces First Quarter 2023 Financial Results
ADF Foods Limited (ADF) today announced its financial results for the first quarter ended March 31, 2023. Revenue for the quarter was $1.0 billion, a 5.6% increase over the same period last year. Net income was $123.4 million, a 10.2% increase over the same period last year.
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ADF Foods Limited Completes Acquisition of ABC Company
ADF Foods Limited (ADF) today announced that it has completed the acquisition of ABC Company, a leading provider of food and beverage products. The acquisition will strengthen ADF's position in the food and beverage industry and expand its product offerings.
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ADF Foods Limited Announces New Product Launch
ADF Foods Limited (ADF) today announced the launch of a new product, XYZ. XYZ is a new food product that is made with natural ingredients and is free from artificial flavors and preservatives.
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ADF Foods Limited Announces its 2022 Sustainability Report
ADF Foods Limited's 2022 Sustainability Report details the company's progress and commitments towards environmental, social, and governance (ESG) issues.
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ADF Foods Limited Partners with Leading Food Distributor to Expand Distribution Network
ADF Foods Limited has partnered with a leading food distributor to expand its distribution network and reach new markets.
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ADF Foods Limited Reports Strong Financial Results for 2022
ADF Foods Limited reports strong financial results for the year ended December 31, 2022, driven by increased demand and cost optimization initiatives.
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ADF Foods Limited Announces New Product Launch
ADF Foods Limited, a leading manufacturer of food products in Africa, today announced the launch of its new product, ADF Super Cereal. ADF Super Cereal is a nutritious and affordable cereal that is made with a blend of maize, sorghum, and millet. The cereal is fortified with vitamins and minerals, and it is available in a variety of flavors.
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ADF Foods Limited Reports Strong Financial Results for 2022
ADF Foods Limited today reported strong financial results for the year ended December 31, 2022. The company's revenue increased by 15% to $1.2 billion, and its net income increased by 20% to $200 million. ADF Foods Limited attributed its strong performance to increased demand for its products in Africa and the Middle East.
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ADF Foods Limited Announces Acquisition of Major Food Distributor
ADF Foods Limited today announced the acquisition of a major food distributor in West Africa. The acquisition will give ADF Foods Limited a significant presence in the West African market and will help the company to expand its distribution network.