NIGERIA - Guinness Nigeria Plc on Thursday reported a 30% increase in revenue for the first quarter ended 30th September 2017. The Nigerian unit of British drinks maker Diageo Plc said that sales hit N29.9bn ($82.3m) in the first three months of its financial year, up from N23bn ($63.3m) it recorded in the same period…
ZIMBABWE – Packaging firm, Nampak Zimbabwe Limited (Nampak), recorded a four percent increase in revenue for the six months to March 31, 2015 on the back of strong demand in focus areas.
SOUTH AFRICA – The disposal of Tiger Brands’ Nigerian business boosted its interim earnings by up to 28%.
NIGERIA – Unilever Nigeria Plc has achieved a turnover of N16.78 billion for the first quarter of 2016, representing a 12.5 per cent increase over the N14.9 billion figure posted for the corresponding period of last year.
BOTSWANA – Retail giant, Choppies supermarket, ended the year 2015 on a high note after its revenue went up by 17 percent to P 3.5 billion for the half-year to December 2015.
KENYA – Diageo, the East African Breweries Limited (EABL)’s parent company, anticipates the Kenyan unit will record double-digit growth in the second half of this financial year ended June, driven mainly by the resurgence of Senator Keg.
SOUTH AFRICA – Dairy producer Clover cited solid festive season demand in its home market for an uptick in interim earnings, but warned of risks elsewhere in Africa and said it would make no more investments in Nigeria.
KENYA – Unga Group’s net profit for the six months to December has dropped 20.6 per cent in the absence of the one-off gain they received in the previous period from the sale of a paper packaging subsidiary.
SOUTH AFRICA – Liquor brands conglomerate Distell reported strong growth in Southern African markets, but the economic hangover from a lower oil price has drastically curtailed expansion plans in Angola.
NIGERIA – But for the N23.7 billion gain realised from the sale of its remaining 15 per cent stake in United Cement Company of Nigeria (UCC) Limited, Flour Mills of Nigeria (FMN) Plc would have ended its nine months results period ended December 31, 2015 with a loss of about N3.9 billion.