Financials & Economy
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Cadbury Nigeria reports 110% profit surge amid challenging macroeconomic environment
NIGERIA – Cadbury Nigeria Plc, a subsidiary of multinational snacking business, Mondelez International, has achieved a 110.22 percent rise in net profits to N946million for…
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McDonald’s Corp beats analysts’ Q4 estimates with 12.6% sales rise, plans to open 1900 more restaurants globally
US – American multinational fast-food chain, McDonald’s Corp, expects “short-term inflationary pressures to continue in 2023” with a mild-to-moderate US recession this year, with a…
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Nigerian FMCG Bua Foods posts 30% profit rise in FY2022 results driven by sales growth in sugar unit
NIGERIA – Bua Foods, a unit of Nigerian conglomerate with business interests spread across the food and infrastructure sectors, BUA Group, has reported a profit…
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Guinness Nigeria post 9% half-year revenue rise boosted by business optimization
NIGERIA – Guinness Nigeria Plc, a subsidiary of Diageo Plc, has reported a 9% revenue growth for the first half year ended 31 December 2022…
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Tata Coffee Q3 net profits fall by 44.71 as Starbucks expands US delivery partnership with DoorDash Inc
INDIA – Tata Coffee, a subsidiary of the Tata Group, has reported a 44.71 percent decline in quarter-3 consolidated net profit to Rs 38.40 crore…