date:Jan 28, 2013
McCormick, a US-based manufacturer of flavor products and other specialty food products, has reported that its net income decreased by 12.7% to $148.5m for the fourth quarter ended 30 November 2012, compared to $131.7m for the same period in 2011.
For the period, the company posted 3.1% increase in net sales to $1.14bn, compared to $1.11bn for the corresponding period in the previous year.
Besides, the revenues for the full year increased by 9% to $4.01bn from $3.69bn a year earlier. Net incom