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Tempo Industries Financial Reports.pdf

_2_2012.pdf

Preview of Tempo Industries Financial Reports

🔗 Source: tempo.co.il

📊 Size: 444 KB

👤 Author: noa

⬇️ Downloads: 150

Summary

Tembo Industries Beer Ltd. published its quarterly financial reports for June 30, 2012. The company updated its business description for the 2011 annual report. The board of directors' report and financial statements were also published.

Key updates include:
1. An extension of the distribution agreement with Pernod Ricard until July 2017.
2. Approval of dividend distribution of NIS 7.2 million on June 28, 2012.
3. An increase in purchase tax on beer products to NIS 4.19 per liter, effective July 25, 2012, pending Knesset approval.
4. Two lawsuits were filed against Tembo Drinks:
a. One claims the company did not properly label energy drink cans with a deposit symbol, causing customers to dispose of them improperly.
b. The other claims the company did not follow regulations regarding the storage and handling of products containing the artificial sweetener aspartame.

The company's management believes it is too early to assess the outcome of these lawsuits.

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Description

Tembo Industries Beer Ltd. published its quarterly financial reports for June 30, 2012.

Technical Information

File Format: PDF
File Size: 444 KB
Pages: 50
Language: EN
Author: noa
Total Downloads: 150
Last Updated: 3 weeks ago

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