Financials & Economy
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Astral Foods’ revenue increase by 21.9% driven by sales volume growth across all divisions
SOUTH AFRICA – Astral Foods Limited, South Africa’s leading integrated poultry producer has reported a 21.9% rise in full year revenue in the year ended…
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Nestle Nigeria weathers economic headwinds, registers single-digit profit growth in interim period
NIGERIA – Nestle Nigeria Plc has reported a 4.62% rise in its Q3 profit to N12.4 billion (US$28m) from N11.8 billion (US$26.6m), despite an inflationary…
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Spar group registers decline in full year profits despite 7% rise in turn-over
SOUTH AFRICA – South African retailer with operations abroad, Spar, has delivered a resilient group performance in the full year ended September 2022, despite various…
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Heineken to close French brewery to foster long-term competitiveness
FRANCE – Dutch multinational brewing company, Heineken, is set to close its to close or sell one of its three French breweries, which could affect…
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Oatly trims full-year guidance, plans job cuts following third quarter loss
SWEDEN – Oatly, a producer of milk substitute made from oats, has initiated an organization structure review that will enable it to have annual savings…