KENYA- The East African Breweries Limited (EABL), a leading brewer in East Africa, has reported a significant decrease in the…
Read MoreEABL’s employee share values drop by as stock price declines
Tag: Financials
Telcar Cocoa struggles to gain momentum in 2022-23 despite recent share acquisition
CAMEROON- Telcar Cocoa, a prominent player in the cocoa market and local dealer for American giant Cargill, has experienced a…
Read MoreLibstar announces overhaul plans amidst profit slump, considers asset sales
SOUTH AFRICA – Libstar, a prominent South African Consumer Packaged Goods (CPG) company, has unveiled a comprehensive overhaul strategy in…
Read MoreChinese dairy giant Yili reports US$10.24B in half year operating income
CHINA -Yili, a prominent player in the dairy industry, has released its 2023 H1 report revealing a 4.31% year-on-year surge…
Read MoreNew Zealand dairy exports thriving despite tariffs, seeking market evolution
NEW ZEALAND – Despite encountering substantial tariffs and trade-related obstacles, New Zealand’s dairy sector continues to thrive. A recent report…
Read MoreFonterra reveals ambitious plan to cut US$598 million in costs amid global dairy price decline
NEW ZEALAND – New Zealand’s dairy giant, Fonterra, has unveiled a strategic plan aimed at slashing approximately US$598 million in…
Read MoreArla Group’s half-year revenue reaches US$8.26 billion despite inflationary pressure
DENMARK – Continued inflationary pressure, declining dairy commodity prices, and shifting consumer preferences have marked the first half of 2023…
Read MoreRCL Foods issues third profit warning as sugar levy, blackouts impacts performance
SOUTH AFRICA – South African chicken and pet food business, RCL Foods has issued a new profit warning ahead of its…
Read MoreSmithfield Foods shuts down sow farms amid declining profits
USA – Smithfield Foods, one of the world’s leading pork processors, has announced its plan to permanently shut down its…
Read MoreEast African Breweries low annual profit impacts performance at Nairobi Stock Exchange
KENYA – A KES 3.3 billion (US$22.89 million) drop in the annual profits of East African Breweries (EABL) has come…
Read More