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Financials & Economy
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United Breweries Q4 profits rise as Britannia’s quarterly fortunes plunge 7%
INDIA – United Breweries, one of the leading beer makers in India, has reported a consolidated net profit of Rs 97.53 crore (about US$13 million)…
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Nestlé posts 7.7% organic growth in Q1 as Heineken remains resilient amid mounting challenges
EUROPE – Nestlé, the world’s biggest company, has recorded 7.7% organic sales growth in the first quarter, driven by a boost in coffee sales and…
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SA retailer Pick n Pay reports 21.4% decline in annual earnings weighed down trade restrictions
SOUTH AFRICA – South African retail chain, Pick n Pay reported an increase in group turnover by 4.3% to R93.1 billion (US$6.5 billion) for the…
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Danone impacted by pandemic in Q1 as Coca-Cola sees slight recovery
FRANCE – French dairy giant Danone and US beverage company Coca Cola have released their Q1 results, reporting mixing results as the pandemic continues to…
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Egypt’s food and beverage sales dropped by 10% in 2020, still higher than pre- economic reform period
EGYPT – The food and beverage processing and manufacturing sector in Egypt has gained momentum since the 2016 implementation of the economic reform plan and…