Financials & Economy
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Pick n Pay posts 5% increase in sales with strong growth in booze sales
SOUTH AFRICA – South African retailer Pick n Pay has grown its full year sales for the period ended February 2022 by 5.2% to R97.9…
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NBL registers 10% interim revenue growth driven by high sales volumes in South Africa
NAMIBIA – Namibia’s leading beer maker, Namibia Breweries Limited (NBL), has managed a rebounded revenue of 10.6% to N$1.5 billion (US$100m) for the six months…
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Cadbury Nigeria Plc reports 20% growth in full year revenue, supported by domestic sales
NIGERIA – Cadbury Nigeria Plc, a subsidiary of Mondelez International, has reported a 52% decline in full year profit for the period ended December 2021…
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Egyptian baked snacks maker Edita attained impressive 54.7% growth in full year profit
EGYPT – Edita Food Industries, a leader in the Egyptian packaged snack food market, has recorded strong full year results for the period ended December…
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Nigeria based Champion Breweries quintuple full year profit on back of improved sales
NIGERIA – Champion Breweries Plc, producer and marketer of alcoholic and non-alcoholic beverages in Nigeria, registered a fivefold surge in full year profit from N159…