Financials & Economy
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Pernod Ricard reports 10% increase in net sales for fiscal year 2022/23
FRANCE – Pernod Ricard, the owner of Absolut vodka, has reported a 10% organic net sales growth to €12.1 billion (US$13.16bn) despite a volatile environment.…
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Foodservice group Bidcorp posts revenue surge of 33.4% in the fiscal year 2023
SOUTH AFRICA – Bidcorp, an international broad-line foodservice group, has posted a 33.4% revenue increase for the fiscal year 2023 due to a favorable business…
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Libstar gives profit crush warning for full-year 2023 due to murky market conditions
SOUTH AFRICA – Libstar, a leading consumer goods manufacturer in South Africa, has posted a drop in profits and volumes in H1 of 2023 and…
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RCL 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 final annual results as a…
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FrieslandCampina Nigeria faces challenging year reports after weakening naira shot forex expense to US$24.4M
NIGERIA – FrieslandCampina Nigeria, the country’s foremost dairy producer has revealed that the company is facing financial challenges and expects no early recovery after the…