SOUTH AFRICA – AVI Ltd, a Johannesburg-based FMCG company, has posted a 7.2% rise in revenue for the six months…
Read MoreSouth African FMCG company Avi Limited reports 7.2% half-year revenue rise boosted by price increase
Category: Financials & Economy
United Sprits’ Board approves sale of all equity shares in Sovereign Distilleries, Q3 profits dip by 64.4%
INDIA – The board of directors of United Spirits Limited (USL), a subsidiary of British multinational alcoholic beverage company, Diageo,…
Read MoreHindustan Unilever raises royalties to UK parent company, CEO defends moves as strategic
INDIA – Hindustan Unilever, the Indian subsidiary of UK-based consumer goods company Unilever, has raised royalty payments to its parent…
Read MoreBarry Callebaut lowers 3-year growth guidance following quarterly sales drop as Lindt & Spruengli sales surpass US$5.3B
SWITZERLAND – The world’s largest cocoa and chocolate supplier, Barry Callebaut, has issued a new lower three-year guidance for growth,…
Read MoreAngolan sausage company Sano Dia to open a new US$70M factory to cut reliance on imports
ANGOLA – Sano Dia, an Angola-based private limited company, is building a new sausage and mortadella factory in the country’s…
Read MoreNampak’s profit takes foreign exchange hit despite 21% rise in revenue
SOUTH AFRICA – Africa’s leading diversified packaging manufacturer, Nampak, has reported a 21% rise in revenue in full year ended…
Read MoreOceana reports double digit growth in earnings driven by improved half year volume sales, high demand
SOUTH AFRICA – Africa’s largest fishing company, Oceana Group has reported a 12% rise in revenue from continuing operations to…
Read MoreTiger brands reports stellar full year performance despite tough economic conditions
SOUTH AFRICA – South Africa’s largest food producer Tiger Brands has delivered robust annual results with earnings up 51%, despite…
Read MoreNestlé outlines sales guidance as it pursues external growth opportunities in fast-growing segments and regions
SWITZERLAND – Nestlé, in outlining its value creation model and 2025 targets to investors, said it expects to return to…
Read MoreSA poultry business Quantum Foods faces challenging year reports 73% dip in headline earnings
SOUTH AFRICA – Quantum Foods, South African animal feeds and poultry producer, has highlighted that its headline earnings crashed 73%…
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