Ab-InBev beer sales bounce back in Q3 as consumers adjust to the new normal of drinking
BELGIUM – Ab-InBev beer sales increased by 2.6% in Q3 as Consumers have quickly adjusted…
Financials
Kellogg records rise in Q3 sales buoyed by elevated at-home demand
US –Kellogg has reported 4.5% growth in organic net sales for its third quarter amid…
Egyptian sugar processor Delta Sugar reports 15.4% revenue rise in Q3
EGYPT – Delta Sugar, a public listed company on Egyptian Exchange (EGX) has reported that…
Famous Brands nearly halves its half year revenue earning US$122m
SOUTH AFRICA – South African restaurant franchisor, Famous Brands has reported a 48% decline in…
Flour Mills of Nigeria reports double digit growth in half year revenue
NIGERIA – Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and agro-allied group…
Unilever reports 4.4% rise in sales for its third quarter citing to more demand of food consumed at home
UK – Unilever has reported a better-than-expected return to growth in its third quarter with…
PepsiCo releases US$1B net proceeds update in its 2020 Green Bond Report
USA – PepsiCo Inc. recently released its 2020 Green Bond Report, which provides an update…
Chr. Hansen records a 5% organic growth for fiscal year 2019/20 driven by strong growth in enzymes
DENMARK – Chr. Hansen has published its full-year statement of results 2019/20 which shows a…
PepsiCo records 5.3% rise in net revenue for third quarter of 2020
USA – PepsiCo has reported a 5.3% year-on-year rise in net revenue for its third…
Louis Dreyfus Company records a rise in its first half profits of 2020 as it adjusted price volatility
NETHERLANDS – Louis Dreyfus Company (LDC), an agricultural commodity merchant, has announced a rise in…
General Mills posts 29% profit benefiting from home food demand due to Covid-19
USA – General Mills has posted first quarter net sales of US$4.4 billion representing a…
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…
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…