Financials & Economy
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National Foods reports 14% growth in volume despite being derailed by poor performance in maize category
ZIMBABWE – National Foods Holdings Limited, Zimbabwe’s listed agri-industrial concern has reported a 14.2% rise in volumes to 395 000 tonnes for the nine months…
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Kellogg raises full-year outlook as following strong growth in Q1
US – American multinational food manufacturing company, Kellogg is upbeat about its full-year results after experiencing every successful first quarter. The company recorded a 5.1%…
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Rising costs take huge bite on Unilever Nigeria’s Q1 earnings resulting to 144% profit decline
NIGERIA – Unilever Nigeria, one of the leading players in the Nigeria’s consumer goods sector, has recorded a turnover of N19.4 bn in the first…
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Dairibord swings into loss despite 5% rise in revenue, shadowed by rising costs
ZIMBABWE – Dairibord Zimbabwe Limited (DZL), a leading dairy processor in Zimbabwe has reported a 5% rise in full year revenue for the year ended…
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Nigerian Breweries reports 26.9% Q1 revenue jump triggering impressive bottom-line growth
NIGERIA – Nigerian Breweries, subsidiary of Heineken International, has reported a 38.59% year-on-year growth in profit to N7.66 billion (US$18.7m) for the first quarter of…