Fonterra reports annual loss, unveils new strategies to drive profitability

NEW ZEALAND – Fonterra reported an annual loss of NZD 605 million ($380.1 million) for the year to July as the dairy cooperative struggled with write-downs across its business amounting to NZD787m (US$497.4m). Fonterra witnessed […]

Nigerian Breweries reports 28% decline in half year profits as costs spike 24.2%

NIGERIA – Nigerian Breweries Plc (NB) reported a 28% fall in profits during the first six months of 2019 ending on 30th June to US$ 36.84 million (N13.3bn) from, as increasing cost and continued to […]

Zimbabwe’s Ariston Holdings sustains growth momentum as revenue increase 50%

ZIMBABWE – Ariston Holdings Limited, a diversified agricultural firm in Zimbabwe, is upbeat of maintaining a growth trajectory in the second half of the current financial year following a 50% growth in revenues for the […]