Financials & Economy
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Strong performance in developed markets boost Mondelēz’s 2020 results
US – American multinational food and beverage company Mondelēz International‘s net revenue for 2020 rose by 2.8% to US$26.58 billion driven by a strong performance…
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Spur Corporation continues to be negatively impacted by COVID-19 reporting 29.5% decline in sales
SOUTH AFRICA – South Africa based fast–food chain operator, Spur Corporation has reported a 29.5% decline in sales to R2.9 billion (US$193 million) for the…
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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…