Financials & Economy
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Campbell Soup sales drop in Q2 amid significant labour and supply constraints
USA – Labour and supply chain constraints impacted Campbell Soup’s second-quarter performance leading to the American processed food and snack company to results that were…
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Favourable prices could not salvage Oceana’s earnings as it reports 12.5% decline in HEPS
SOUTH AFRICA – Oceana Group, one of Africa’s largest fishing groups, has reported an 8.1% decline in revenue for the year ended 30 September 2021…
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SA packaging manufacturer Mpact registers 13% rise in revenue on back of increased sales volume
SOUTH AFRICA – Mpact, one of the largest paper and plastics packaging business and recycler in southern Africa, delivered a pleasing performance in 2021, successfully…
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Massmart reports marginal decline in total sales by 1.9% to US$5.4 billion
SOUTH AFRICA – Consumer goods distributor Massmart has reported a 1.9% decrease in total group sales for the 52 weeks ended December 26 2021 to…
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South African snacks maker AVI delivers 2.3% growth in interim earning
SOUTH AFRICA – South African food producer and retailer AVI reported a 6.9% climb in half-year profit for the six months ended December 31, 2021.…