Financials & Economy
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Massmart’s half-year losses narrow as turnaround strategy takes shape
SOUTH AFRICA – Struggling South African retail giant Massmart is starting to see returns from its turnaround strategy with losses narrowing by 8.1% in the…
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Sea Harvests half-year revenues up 5% despite pandemic severely impacting aquaculture segment
SOUTH AFRICA- The Sea Harvest Group, a leading seafood and branded fast-moving consumer goods (FMCG) agri-business in South Africa, has posted strong half-year results despite…
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Guinness Nigeria full year profits surge 110% buoyed by double digit growth in all key categories
NIGERIA – Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended 30 June 2021, revealing a 110%…
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Arla Foods records impressive H1 results, raises full year guidance despite higher input costs
DENMARK – Danish multinational dairy cooperative Arla has recorded a rise in half-year revenues driven mainly by continued high branded sales volume growth across all…
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Distell triples full year earnings, inches closer to finalizing Heineken deal
SOUTH AFRICA – South African producer and marketer of wine, cider and spirits company Distell, has bounced back to above pre-pandemic revenue levels despite COVID-19…