Financials & Economy
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Pick n Pay expects double-digit growth in half-year sales, profit on back of price hikes
SOUTH AFRICA – South African retailer, Pick n Pay has flagged double-digit sales and earnings growth supported by a strong performance from its value brand…
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HKScan CEO Tero Hemmilä resigns in the wake of poor business performance
FINLAND- Tero Hemmilä, the CEO of HKScan Corporation, has announced his resignation at a time when the company is wading through a challenging business environment.…
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Zomato full year revenues rise 123% driven by higher transacting customer base
INDIA- India’s largest food delivery, dining, and restaurant discovery service Zomato has announced a 123% rise in revenue to Rs 4,109 crore (US$340m) in the…
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Price increase, rise in customer count favor Simbisa brands resulting in 75.9% rise in revenue
ZIMBABWE – Simbisa Brands Limited, one of Africa’s largest fast-food restaurant operators, is scheduled to migrate to the Victoria Falls Stock Exchange (VFEX) following its…
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Choppies reports 141% growth in full year profit coupled by rise in sales, cost management
BOTSWANA – The restructuring strategies put in place by Botswana retailer Choppies, continue to bare fruits as the company reported a triple digit growth in…