Financials & Economy
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Ingredion’s 2020 full year profits drop 16% due to Covid-19
US – 2020 was not an easy year for many food companies and global food ingredients manufacturer Ingredient was not an exception. The Westchester, Illinois…
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Carlsberg’s 2020 revenues plunge as Covid-19 takes toll on major revenue streams
DENMARK – Danish multinational brewer, Carlsberg has posted an 8.4% decline in organic revenue in its 2020 results, following significant impact to its on-trade channel…
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Swedish dairy tech company DeLaval delivers double digit sales growth in 2020
SWEDEN – DeLaval Group, is a market leader in integrated milking solutions, has delivered double digit sales growth in 2020 despite of challenges posed by…
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Indian online grocer BigBasket registers losses in 2020 despite of 36% growth in revenue growth
INDIA – BigBasket, a leading Indian online grocer, has reported a 26% rise in losses for the 2020 financial year even as it managed to…
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Nampak reports marginal growth in revenue boosted by cost saving initiatives
SOUTH AFRICA – Africa’s largest diversified packaging manufacturer, Nampak has reported that its first quarter revenue for the period ended December 2020, marginally rose by…