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Tag: financial results

Kakuzi posts 62% profit surge for Full Year 2022

March 22, 2023March 22, 2023

KENYA – Listed agribusiness firm Kakuzi Plc, has reported a 62% profit growth for the financial year ended 31st December…

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AFRICAN NEWS Agriculture & Agribusiness Financials & Economy LATEST NEWS 

Dangote Sugar Refinery hits new record high of US$875m in FY22 revenue

March 7, 2023March 8, 2023

NIGERIA – Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc (DSR), has hit a revenue milestone of 400 billion naira…

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AFRICAN NEWS Financials & Economy LATEST NEWS 

AB InBev reports mid-single digits revenue growth in South Africa

March 2, 2023March 2, 2023

AFRICA – Anheuser-Busch InBev (AB InBev), the world’s largest brewer, has reported double-digit top-and-bottom-line growth in South Africa with record-high…

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AFRICAN NEWS Beverages Financials & Economy LATEST NEWS 

Monster Beverage revenue leaps 13.9% in FY22 boosted by pricing actions and moderating supply chain challenges

March 2, 2023March 2, 2023

US – Energy drinks giant, Monster Beverage Corporation, has posted a revenue surge of 13.9 percent to US$6.31 billion, from…

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Beverages Financials & Economy LATEST NEWS WORLD NEWS 

Naira shortage, galloping inflation bites Nigerian Breweries’ FY22 profits

March 1, 2023March 1, 2023

NIGERIA – Nigerian Breweries Plc, the largest brewing company in Nigeria, said a shortage of Nigerian naira denominations and galloping…

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AFRICAN NEWS Beverages Financials & Economy LATEST NEWS Sustainability 

Distell achieves 13.6% revenue growth in South Africa for FY22, cautions on future prospects as global recession continues

February 27, 2023February 27, 2023

SOUTH AFRICA – Distell, the second-biggest cider producer in the world, has reported a revenue rise of 13.6% with volume…

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AFRICAN NEWS Beverages Financials & Economy LATEST NEWS 

Molson Coors posts 0.7% slump in Americas segment net sales, expects low single-digit rise in FY2023 net sales

February 22, 2023February 22, 2023

USA – American beverage giant Molson Coors has reported its three years Revitalization Plan is bearing fruits in a view…

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Beverages Financials & Economy LATEST NEWS WORLD NEWS 

Beam Suntory posts 13% net sales rise in FY22, premium brands command half of full bottle spirits sales

February 20, 2023February 20, 2023

JAPAN – Beam Suntory, a Japanese multinational alcohol company, has posted a 10.5% year-on-year jump in net sales in the…

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Beverages Financials & Economy LATEST NEWS WORLD NEWS 

Kraft Heinz to launch first IHOP’s branded coffee in April, pauses price hikes in some regions

February 17, 2023February 17, 2023

US – American multinational food company, Kraft Heinz, has announced the first launch of IHOP’s branded coffee in both bags…

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Beverages Financials & Economy LATEST NEWS Tea, Coffee & Cocoa WORLD NEWS 

Coca-Cola HBC reports 28.3% net sales rise in FY2022, plans for price hike

February 15, 2023February 15, 2023

SWITZERLAND – World’s third-largest Coca-Cola anchor bottler, Coca-Cola HBC AG, has reported double-digit growth in the full year 2022 net…

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Beverages Financials & Economy LATEST NEWS WORLD NEWS 

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  • IFF bolters R&D capabilities with launch of two innovation labs in Denmark
  • Danish Crown buys industrial property from Skare Meat Packers
  • Tunisia allows fishmeal and fishery products imports from Russia
  • UK Greek-style yogurt maker Tims Dairy invests in new capacity to boost production
  • UK Greek-style yogurt maker Tims Dairy invests in new capacity to boost production

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