Financials & Economy
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Nestlé outlines sales guidance as it pursues external growth opportunities in fast-growing segments and regions
SWITZERLAND – Nestlé, in outlining its value creation model and 2025 targets to investors, said it expects to return to an underlying trading, operating profit…
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SA poultry business Quantum Foods faces challenging year reports 73% dip in headline earnings
SOUTH AFRICA – Quantum Foods, South African animal feeds and poultry producer, has highlighted that its headline earnings crashed 73% to R28 million (US$1.64m) in…
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RFG Holdings reports bullish top-line, bottom-line performance benefitting from international business
SOUTH AFRICA – South Africa’s leading producer of fresh, frozen and long-life convenience meal solutions, RFG Holdings, has reported a 57% rise in headline earnings…
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Parle becomes first Indian packaged food company to record more than US$2B in sales
INDIA – Parle Products, a leading biscuit maker based in Mumbai, has crossed $2 billion in annual revenues during FY22, becoming the first packaged food…
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National Foods readies listing transfer to Victoria Falls Stock Exchange
ZIMBABWE – National Foods Holdings Limited, Zimbabwe’s listed agri-industrial concern, has received approval from its board members to delist from the Zimbabwe Stock Exchange (ZSE)…