PepsiCo reports 4.3% growth in Q3 organic revenues ahead of analysts forecast

USA – Food and Beverage giant, PespiCo Inc posted a 4.3% growth in organic revenues during the third quarter ended September 2019 boosted by strong marketing initiatives. Net income during the third quarter, however, slipped […]

Guinness Nigeria lays out strategy to bolster growth across categories

NIGERIA – Guinness Nigeria Plc has laid out its plans for its financial year which began in July to build on the company’s 2019 performance focusing on key strategies. The company seeks to grow value […]

Zambian Breweries half year profits surge 40% on increased sales

ZAMBIA – Zambian Breweries Plc, a subsidiary of AB InBev, has reported 40 percent growth in profits after tax to K193 million (US$14.72m) in the half-year period ending June 2019, driven by increased sales. The […]

A2 Milk reports 41.4% growth in revenues boosted by performance in China

NEW ZEALAND – The milk and infant formula products company, A2 Milk reported a 41.4% growth in full year revenue to US$830.2 million (NZD1.3 billion), on strong results in China. During the most recent twelve […]

Shoprite reports 18.2% decline in full year profits despite growth in sales

SOUTH AFRICA – Africa’s largest retail chain, Shoprite reported 18.2 percent decline in  full year net profit to US$ 273.12 million (R4.2bn) as the South African retailer struggled to lift sales in majority of the […]

Olam International reports 16% growth in H1 revenues despite market challenges

SINGAPORE – Olam International has reported a steady operating performance, recording 16% growth in revenues to US$ 11.47 billion in the first half of 2019, from US$9.86 billion recorded in a similar period last year. […]

Rwanda’s Bralirwa reports 3.9% growth in half year revenue to US$51.32m

RWANDA – Bralirwa Plc, the producer of Heineken Beer in Rwanda, reported 3.9% growth in revenues to US$51.32 million (Rwf42.1bn) for the half year period ending 30th June 2019, driven by volume growth. Despite a […]

Symrise reports strong revenue growth in H1 as organic sales climb 6.2%

GERMANY – Symrise, a flavors and fragrances specialist has reported strong revenue growth for the first half of the year as net income increased by US$12.34 million (€11 million). The German maker of scents and […]

Molson Coors chief executive to retire, names Gavin Hattersley as successor

CANADA – Molson Coors Brewing Company has announced that its chief executive officer, Mark Hunter, will retire on 27 September 2019 and has named Gavin Hattersley as the successor. Mark Hunter, who oversaw the acquisition […]

Nestle Nigeria reports 22% growth in half-year profit to US$72.39m

NIGERIA – Nestle Nigeria Plc reported 22% growth in net profit for the first half of the year ending on 30 June, 2019 to US$72.39 million (N26.2bn) supported by 21% decrease in finance cost. Revenues […]