Financials & Economy
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Mondelēz, ADM post double digit profit growth in Q2 as markets recover from pandemic
US – American multinational confectionery and snack food company Mondelēz International and its commodity trading counterpart ADM have reported double-digit growth in their quarter 2 (Q2) profits,…
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Woolworths’ 118% rise in online food sales drive overall growth of segment
SOUTH AFRICA – South African retail giant Woolworths, has reported that its group sales for the 52 weeks ended 27 June 2021, increased by 9.7%…
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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…