Financials & Economy
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Heineken posts 109% profit growth in H1 but full year optimism falls as commodity costs rise
NETHERLANDS – Dutch brewing company Heineken has more than doubled its first-half operating profit mainly driven by beer volume growth and a strong Heineken brand. The maker of Heineken, Tiger,…
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Yum! Brands, McDonald’s post double digit growth driven by away from home consumption rebound
US – American multinational fast food companies McDonald’s and Yum Brands have seen sales surge in the first half of the year as more restaurants around the world…
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Bunge raises full year outlook as Ardent Mills’ earnings rise sharply in Q2
US – Missouri-based oilseed processor Bunge has raised its fiscal-year outlook for a second time this year following an impressive first half that included a strong performance…
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Flour Mills of Nigeria showcases amazing top line performance in first quarter as it remains profitable
NIGERIA – Flour Mills of Nigeria (FMN) Plc, one of Nigeria’s leading food and agro-allied companies, has started the year with a bang announcing a…
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High volumes sales sweeten Dangote Sugar Refinery’s half year revenue rising by 27.8%
NIGERIA – One of Nigeria’s leading sugar processors, Dangote Sugar Refinery, has recorded a double-digit growth in its half-year revenue for the period ended June…