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…
financials
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…
Unilever tea brand Tazo launches new blends as it releases its Q2 financials
UK – Unilever, a consumer-packaged foods firm, has announced that its tea brand Tazo is set…
Indian producer of Amul dairy brands reports a 17% increase in full year sales
INDIA – Indian dairy cooperative, Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets the popular…
Choppies releases the anticipated 2019 audited results alongside its interim financials
BOTSWANA – Botswana based retailer, Choppies Supermarket has finally released its long awaited audited financial…
The Coca-Cola Company records 28% decline in revenue in the its second quarter impacted by COVID-19
USA – The Coca-Cola Company has reported a 28% decline in its second-quarter net revenue…
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…
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…
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…
Kenyan suppliers express heightening concerns over delayed payments by retailer
KENYA – Once beaten twice shy, seems to be the riddle banging Kenya suppliers mind…
Financial market infrastructure group admits Flour Mills’ US$77.5m commercial papers
NIGERIA – FMDQ, Africa’s first vertically integrated financial market infrastructure group, through its subsidiary FMDQ Securities…
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…
Famous Brands unveils road map to sustain improved performance
SOUTH AFRICA – South African restaurant franchisor, Famous Brands has rolled out a three-year strategic…
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…