Tuesday, April 27, 2010

Corn Products International exceeds expectations

Beverage and confectionary companies cannot just “wake up one day and change what’s in the tank,” explained Beebe, adding that they must first make capital investments.

Corn Products International Inc. reported first-quarter earnings that more than doubled, citing an increase in international sales and currency translation effects. The Westchester-based company beat Wall Street expectations by 7 cents.

The corn processor earned $44 million attributable to shareholders, or 57 cents per diluted share, in the quarter ended March 31, compared with $17 million, or 22 cents per diluted share, in the year-earlier period.

Sales increased 13 percent to $937.2 million from $831.1 million, led by a 69 percent increase in international sales, excluding sales in Canada and Mexico, which are grouped in North American sales.

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1 comment:

  1. High fructose corn syrup is a lab-created derivative of corn found in many processed foods, including soda, salad dressings and juice drinks. Its prevalence in our diet causes concern for how exactly the body processes this sweetener and how elevated levels of fructose can affect the body.
    .Comparison to Sugar
    Regular table sugar is equal parts glucose and fructose, while high fructose corn syrup is anywhere from 55 to 80 percent fructose with the remainder in glucose. The modification has chemical and hormonal effects on the body.
    Fructose and the liver
    Fructose is only metabolized through the liver, while glucose breaks down in every cell in the body. A diet high in fructose can result in a fatty liver or even cirrhosis.
    Fructose and appetite
    Since fructose does not go the brain or the stomach, the hormones that make you feel full (leptin and ghrelin) are not stimulated. Without feeling full, it's easy to overeat.
    Fructose and cholesterol
    High fructose corn syrup can actually scar the internal walls of the arteries. The body produces cholesterol to heal the walls of the arteries, creating an ongoing cycle of damage to the arteries. This leads to heart damage.
    Fructose and copper
    Fructose interferes with copper metabolism, which helps collagen and elastin production, two components of healthy, youthful-looking skin. Poor copper metabolism can affect the physical appearance of skin.
    Fructose and diabetes
    Proven contributors to diabetes are overeating and a poor diet. Since