Guinness Nigeria issues a revenue warning with earnings impacted by COVID-19 pandemic
NIGERIA – Guinness Nigeria Plc, a leading beverage and alcohol company in Nigeria and a…
financial results
Seed Co International profit rise by 62% coupled with strong product demand
AFRICA – Regional seed producer, Seed Co International Limited has reported a 62% rise in…
Dairy processor FrieslandCampina WAMCO reports a 8.5% increase in 2019 turnover
NIGERIA – FrieslandCampina WAMCO, Nigeria’s leading dairy processor has announced a turnover of N161.83 billion…
Zimbabwe’s leading retailer OK reports 1,050% rise in profit after tax
ZIMBABWE – OK Zimbabwe Limited, leading retail group in Zimbabwe has reported a 464% growth…
Zambeef reports rise in half year revenue despite economic headwinds
ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef has reported a rise…
Oceana reports 2% rise in H1 revenues boosted by improved African operations
SOUTH AFRICA – One of Africa’s leading fishing companies, Oceana Group has delivered a resilient operating…
Campbell Soup reports double digit growth in Q3 net to US$2.24bn
USA – Campbell Soup’s net sales during the third quarter of fiscal year 2020 increased…
Nigerian palm oil processing firm Presco reports 15% decline in Q1 profit
NIGERIA – The Nigerian Stock Exchange listed palm oil processing firm, Presco Plc has reported…
Delta Corporation reports 480% rise in revenue despite significant economic constrains
ZAMBIA – Delta Corporation Limited, leading manufacturer and marketer of both international and locally produced beverages…
Nampak registers 17% decline in half year revenue to US$372.4m
SOUTH AFRICA – Africa’s largest packaging manufacturer, Nampak, has reported a drop in revenue by 17%…
Illovo Sugar Malawi earnings decline by 75% affected by country’s ailing sugar industry
MALAWI – Illovo Sugar Malawi, the Malawian subsidiary of pan-African sugarcane grower and sugar producer has…
Tiger Brands’ profits fall by 65% impacted by US$32m impairment charges
SOUTH AFRICA – Tiger Brands’ headline earnings per share from continuing operations for the six months…
Rhodes Food reports 9.6% turn-over rise boosted by the performance from its regional segment
SOUTH AFRICA – Rhodes Food Group (RFG), South Africa-based producer of fresh, frozen and long-life…
International Breweries dives into deeper losses recording US$14.6m loss in first quarter
NIGERIA – International Breweries Plc, Nigerian subsidiary of Anheuser-Busch InBev has recorded a loss of…
Jumia remains bullish on its road to profitability despite reporting loss in Q1
AFRICA – Jumia, an Africa focused eCommerce company, has announced its first quarterly report for 2020. After surviving…
Nestle Nigeria records an 8.7% drop in first quarter profits as revenues plunge
NIGERIA – Food and beverage giant, Nestle Nigeria Plc, has released its unaudited financial statement…
Dairibord posts 328% jump in profit on intensified drive to improve operational efficiencies
ZIMBABWE – Dairibord Zimbabwe Ltd (DZL), Zimbabwe’s manufacturer of liquid milk, food and beverage products has…
Agribank records 155% rise in profit despite tough economic environment
ZIMBABWE – The Agriculture Bank of Zimbabwe Limited (Agribank) has recorded a historic jump in…
PepsiCo reports strong first quarter as revenue grows 10% to US$13.88bn
USA – PepsiCo has released its first quarter 2020 financial report, posting stronger than expected…
Unilever Nigeria reports 52.6% decline in profit driven by drop in revenue
NIGERIA – Consumer goods firm, Unilever Nigeria has reported a 30% drop in the top line revenues…
Cadbury Nigeria posts 26% rise in first quarter profit despite 8% decline in revenue
NIGERIA – Cadbury Nigeria, subsidiary of snack and confectionery firm, Mondelez International has released its unaudited financial…
Choppies postpones release of audited financial results due to the Covid-19 pandemic
BOTSWANA – Botswana based retailer, Choppies supermarket whose 2018 results were delayed by more than…
Nestlé reports first qurter sales decrease by 6.2% to US$21.35 billion
SWITZERLAND – Nestlé has reported 6.2% decrease in total sales for the first quarter of…
Nigerian Breweries posts 31.4% decline in profit in the first quarter
NIGERIA – Nigerian Breweries Plc has released its latest earnings report for the first quarter…