Financials & Economy
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Distell to register triple digit profit growth supported by improved performance across all markets
SOUTH AFRICA – Despite repeated bans on alcohol sales at his home market, Distell is expecting strong profit growth for the year to end-June. The…
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FrieslandCampina half-year profits drop 42.6% battered by Thai court ruling and an underperforming infant nutrition business
NETHERLANDS – Dutch dairy cooperative Royal FrieslandCampina N.V. has reported 42.6% drop in half-year profits, attributing the huge decline to a €57m ($67.2m) provision for a court ruling in Thailand and an…
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High inflation eats into Unilever’s Q2 profits forcing CPG giant to lower full-year profit guidance
UK – Consumer goods giant Unilever is the latest causality of rising costs of raw materials, packaging and transport which have eaten into the company’s…
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Coca-Cola raises full-year guidance as Q2 revenues jump 42% buoyed by rebounding away-from-home consumption
US- Atlanta-based multinational soft beverage company, Coca-Cola Company is upbeat about its 2021 full year results following an impressive Q2 where sales from away-from-home consumption…
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Delta Corporation revenue jumps 114% on back of recovered volume sales from low prior year base
ZIMBABWE – Zimbabwe’s largest beverages maker, Delta Corporation, has registered a 114% growth in revenue in the first quarter to June 2021, in inflation adjusted…