Financials & Economy
-
Conagra Brands lowers full year profit expectations amid rising inflation in the US
US – Conagra Brands, a US-based packaged foods company, is feeling the pinch of the recent inflation levels in the US and has warned that higher raw material and ingredient…
-
Botwana retailer Choppies turns to profitability courtesy of restructuring efforts
BOTSWANA – Botswana based retailer, Choppies Enterprises Limited has attained its first profit since 2016 of P37.7 million (US$3.4m) in the six months ended 31…
-
PepsiCo revenues jump 20.5% in Q2 buoyed by recovering out-of-home consumption
US – PepsiCo, a US-based multinational food and beverage company, has reported a 20.5% increase in net revenue in its second-quarter results buoyed by easing…
-
Economic headwinds weigh down Tongaat Hulett’s performance widening its headline loss to US$75m
SOUTH AFRICA – Sugar producer Tongaat Hulett, has posted a wider headline loss of R1.1 billion (US$75m) for its financial year ending March 31, 2021,…
-
Indian milk brand Amul beats pandemic odds to record 2% growth in revenue for FY21
INDIA – The Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which markets dairy products under the Amul brand has beaten all odds to record a 2% rise…