Financials & Economy
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RCL Foods reports 10.5% rise in interim revenue boosted by its diverse portfolio
SOUTH AFRICA – South African food producer RCL Foods has reported a 10.5% rise in half-year revenue to R15.7 billion (US$1.04 billion) from R14.2 billion…
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Keurig Dr Pepper optimistic about 2021 after posting strong 2020 full year results
US – Leading producer and distributor of hot and cold beverages Keurig Dr Pepper (KDP) is confident of a successful 2021 after it net sales…
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Olam full year profits jumps 36% even as it makes significant progress in business re-organisation
SINGAPORE – leading food and agri-business company Olam International Limited (OIL), has reported a 36% jump in Profit after Tax and Minority Interests for the…
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Fan Milk Ghana reports massive decline in full year profit dropping by 97% due to COVID-19 pandemic
GHANA – Fan Milk Ghana, subsidiary of multinational food-products corporation Danone has reported a 12% decline in full year revenue to GH¢373.58 million (US$64.9m), despite…
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Nigerian Breweries Limited halves its Profit After Tax in 2020 earning US$19.32m
NIGERIA – Nigerian Breweries Plc has recorded a net revenue of N337.046 billion (US$884.05m) in the year ended 31 December 2020, a 4.3% rise from…