Financials & Economy
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French dairy Lactalis reopens Ukraine factory but war continues to impact operations
UKRAINE – World’s largest dairy company Lactalis has resumed output at a factory in Ukraine where production had been halted amid nearby fighting. A spokesperson…
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Friesland Campina full year revenues rise 3.2% driven by recovering demand in Europe
NETHERLANDS – Dutch multinational dairy cooperative Friesland Campina has reported strong fiscal year 2021 results with net sales for the group’s food and beverage division…
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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…