Pick n Pay expects half year profit to plunge 60% despite growth in core retail sales
SOUTH AFRICA – Pick n Pay, supermarket chain store in South Africa has warned that…
financial results
Choppies reports single digit rise in revenue boosted by business consolidation, restructuring
BOTSWANA – Southern African retailer, Choppies Supermarket having operations in Botswana, Zimbabwe, Namibia and Zambia…
Spar Southern African sales improve by 4.8% during the 48 weeks to end August
SOUTHERN AFRICA – Retail chain, Spar Southern Africa has reported a 4.8% increase in group…
Alcohol sale ban to serve Namibia Breweries major blow in 2020 earnings
NAMIBIA – Namibia Breweries expects to register a drop of between 25% and 35% in…
Shoprite exits Kenya as it reports 6.4% rise in full year earnings despite Covid-19
SOUTH AFRICA – South African-based supermarket chain Shoprite has pulled the plug on its operations…
South Africa’s Sea Harvest reports 4% decline in half year profit triggered by COVID-19 restrictions
SOUTH AFRICA – Sea Harvest, South African seafood and fisheries group, has reported a 4%…
Zambian Breweries expects reduction in sales volume, revenue in half year period
ZAMBIA – Zambian Breweries Plc, subsidiary of AB InBev has announced that it expects its…
Rwanda’s Bralirwa registers 70.6% rise in profit despite revenue decline
RWANDA – Bralirwa Plc, Rwanda’s leading producer and marketer of beers and soft drinks has…
Guinness Nigeria full year profit after tax drops 329% impacted by COVID-19
NIGERIA – Diageo’s Nigerian operating unit, Guinness Nigeria Plc, has announced its audited results for…
COVID-19 trade disruption impairs Distell’s trading year by 20%
SOUTH AFRICA – Distell Group, producer and marketer of wines, ciders, spirit and ready-to-drinks beverages…
Champion Breweries reports 12% decline in half year revenue impacted by COVID-19
NIGERIA – Champion Breweries Plc, producer and marketer of alcoholic and non-alcoholic beverages in Nigeria…
Tongaat Hulett’s turnaround strategy pays off resulting to18% rise in full-year revenue
SOUTH AFRICA – Tongaat Hulett has made substantial progress in the execution of its turnaround…
GEA Group downs revenue by 2% due to reduced order intake
GERMANY – GEA Group, one of the leading suppliers of technology for the food processing…
Olam reports 7.1% growth in half year revenue despite COVID-19
SINGAPORE – Global food and agri-business, Olam Group, has reported strong results for the first…
Jumia records drop in revenues despite increased activity during COVID-19 period
AFRICA – Africa focused e-commerce group Jumia has recorded a 10% drop in revenues in the…
Ghana’s Agricultural Development Bank posts impressive results despite of COVID19 challenges
GHANA – Ghana’s Agricultural Development Bank (ADB) has posted impressive financial growth in its half year…
Flour Mills of Nigeria reports triple digit growth in profit after tax to US$30m despite economic headwinds
NIGERIA – Flour Mills of Nigeria (FMN), one of Nigeria’s leading food business and agro-allied…
Presco towers above COVID19 challenges posting impressive 71% jump in half year profits
NIGERIA – Presco Plc, one of Nigeria’s fully-integrated agro-industrial company, has distinguished itself as one of…
Diageo reports 8.4% decline in organic net sales in FY2020 “year of two halves”
UK – Diageo, multinational beverage alcohol company, has reported an 8.7% decline in net sales to…
Heineken reports 13.4% volume decline in HY witnessing gradual improvements
NETHERLANS – Dutch multinational brewer, Heineken has reported a 16.4% decline in net revenue to…
Shoprite set to exit the Nigerian Market after 15 years of operations
NIGERIA – South African retailer, Shoprite has announced that it is considering the sale of…
AB InBev’s second quarter sales pick up encouraged by June recovery in Mexico, South Africa
BELGIUM – The world leading brewer, Anheuser Busch InBev (AB InBev) has reported a 17.7%…
EABL reports double digit decline in profit triggered by dwindling sales in second half year period
KENYA – The East African Breweries Limited (EABL) has announced a 39% decline in net…
Nestle reports 2.8% organic growth despite 9.5% decline in half year sales
SWITZERLAND – Nestle has reported an organic growth of 2.8% on its half-year results for…