Financials & Economy
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Global food ingredients company Tate & Lyle defies Covid-19 challenges to deliver strong Q3 results
UK – British-headquartered, global supplier of food and beverage ingredients Tate & Lyle has rose above the challenges of the Covid-19 pandemic to deliver an…
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Diageo records US$3B in half-year profits boosted by strong growth in US spirit sales
UK – British multinational alcoholic beverage company,Diageo has reported an operating profit of £2.24 billion (about US$3.07 billion) in half year profits. The unprecedented results…
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COVID-19 disruptions, tax provisions nearly halved EABL’s profit in six months ended December 2020
KENYA – The East African Breweries Limited (EABL) has reported a 47.3 per cent dip in profit for the half year ended December 2020 to…
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Flour Mills of Nigeria continues to exhibit stellar performance reporting 31% revenue growth in Q3
NIGERIA – Flour Mills of Nigeria (FMN), one of Nigeria’s leading foods and agro-allied groups has reported a 31% revenue growth in the third quarter…
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Massmart reports 7.7% decline is full year sales despite slight improvement in fourth quarter
SOUTH AFRICA – Massmart, Walmart owned South African retailer has reported that its group sales for the 52 weeks ended December 27 fell 7.7% to…