Zimbabwe’s National Foods posts 36% decline in quarter one sales volumes

ZIMBABWE – National Foods, Zimbabwe’s leading flour and food producer has reported a 36% decline in sales volumes in the first quarter ended September 2019 owing to reduced consumer spending power. “Volumes were subdued, closing […]

Delta Corp reports dwindling performance with 48% decline in larger beer volumes

ZIMBABWE – Delta Corporation Limited, a beverage manufacture in Zimbabwe has reported a decline in its performance for the half year period ended September 2019 on the back of declining sales. The company saw a […]

Shoprite mulls exiting foreign markets as quarterly revenue plunge 4.9%

SOUTH AFRICA – Shoprite Holdings, Africa’s largest food retailer has reported a 4.9% fall in third-quarter revenue from its non-South African business attributing it to xenophobic violence. The Cape Town-based company started a review of […]

Beta Glass maintains strong performance in the third quarter with 15% revenue growth

NIGERIA – Beta Glass Plc, the Nigerian maker of glass bottles and containers for the beverage industry has reported 15% growth in revenue growth for the third quarter of its financial year through 30th September […]

Molson Coors restructures to streamline operations after posting weaker Q3 results

CANADA – Molson Coors Brewing Company, has unveiled a company-wide restructuring strategy aimed at streamlining the brewers operations and rejuvenate its growth after further diving into a loss during its latest quarter. The Canadian beverage […]

Famous Brands earnings fall by 15% despite improvements in its UK Business

SOUTH AFRICA – Famous Brands, South African restaurant franchisor has reported a 15% fall in headline earnings, while revenue remained flat at around R3.6bn (US$246m) in the six months to end-August. According to its half […]

Nigerian Breweries reports 17% decline in profits amid challenging operating environment

NIGERIA – Nigerian Breweries Plc has reported a decline in earnings on its unaudited condensed interim financial statements for the nine months period ended September 2019. The Nigeria Stock Exchange listed company’s profit reduced by […]

Guinness Nigeria first quarter profit declines 59% amid economic challenges

NIGERIA – Guinness Nigeria Plc has recorded a 59% decline in operating profit in its first quarter results ending September driven by a drop-in revenue of 4% to N26.9bn (US$74m) from N28bn (US$77.2m) recorded in […]