Nigeria’s edible oil producer Presco reports 25% decline in profits

NIGERIA – Presco Plc, an edible oil processing firm in Nigeria, reported 25% decline in profits for the year ended December 31, 2018 to US$12.03 million (N4.284bn), down from US$16.08 million (N5.726bn) the previous year. […]

Zambian Breweries’ Plc profits increase six-fold as volumes surge

ZAMBIA – Zambian Breweries Plc has posted record breaking profits after tax of US$121.36 million during its 2018 financial year from just US$18.41 million in 2017 driven by increased beer volumes. In a statement announcing […]