Financials & Economy
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Hain Celestial registers 14% rise in revenue despite macroeconomic challenges
US – American food company Hain Celestial has reported a 14% year-on-year to US$457.01 million rise in revenue in the fourth-quarter Full Year 2022 results…
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Mengniu Dairy posts 27% rise in H1 profits, ice cream brand goes viral among consumers
CHINA – Chinese dairy giant Inner Mongolia Mengniu Dairy Group has reported a 27 percent increase in first-half Year-on-Year profits totaling 3.75 billion yuan after…
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Glanbia exceeds expectations in half-year results despite ongoing economic pressure
IRELAND – Irish global nutrition group, Glanbia has delivered ‘the strongest pricing in their history, reflecting ‘improved commercial execution and focus against a background of…
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Zambian Breweries attains double digit revenue growth driven by high product demand
ZAMBIA – Zambian Breweries Plc has recorded a profit before tax of K102 million (US$6.3m( in the first half of this year, compared to K67.5…
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Carlsberg to buy remaining stake in India’s joint venture with Khetan Group following arbitration verdict
INDIA – Beverage giant, Carlsberg plans to buy the remaining stake owned by its partner, Nepal-based Khetan Group in their Indian joint venture, after winning…