Financials & Economy
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RCL Foods reports 9.2% interim revenue growth on unit performance
SOUTH AFRICA – South African food producer RCL Foods has reported 9.2% growth in half-year revenue to R17.1 billion (US$1.11 billion). The growth was largely…
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Sea Harvest demonstrates sheer mettle against waves of continued uncertainty, reporting 5% rise in revenue
SOUTH AFRICA – Despite the ongoing volatility caused by COVID-19, Sea Harvest has once again proved its resilient and defensive nature in delivering revenue for…
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Unga Group issues profit warning as rising costs eat into earnings
KENYA – Unga Group Plc has issued a profit warning for the year ending June 2022, following a dip in revenues in the first six…
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Monster Beverage delivers record sales in 2021 despite facing supply chain challenges
USA — Monster Beverage Corp. saw sales in fiscal 2021 exceed US$5.5 billion for the first time in the company’s history despite significant supply chain…
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North America delivers another exceptional year for Mexican bakery giant Grupo Bimbo
MEXICO – The North American unit of Mexican bakery giant Grupo Bimbo delivered another strong year for the bakery with sales surging 22% when compared…