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Financials & Economy
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Cervejas de Moçambique nearly triples profit in 2024, driven by strong sales, market leadership
CDM posts record-breaking 2024 profits and increases shareholder dividends, reinforcing its dominance in Mozambique’s beer market.
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Starbucks India grows store network despite 65% widening in FY25 losses
Tata Starbucks expands to 479 stores in 80 cities amid rising losses and ongoing economic volatility.
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Tate & Lyle reports US$507.6M EBITDA boost from CP Kelco acquisition despite revenue decline
Tate & Lyle sees EBITDA growth driven by CP Kelco acquisition, even as global revenue declines amid pricing and cost pressures.
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Cairo Poultry Company reports higher revenue, profit in Q1 2025
Sales and profits rise significantly year-on-year amid continued regional operations.
Full-year 2023 profits had already shown a sharp increase over the previous year -
Kenya’s Williamson, Kapchorua tea firms issue profit warnings amid global tea market challenges
Kapchorua and Williamson Tea expect earnings to fall over 25% in FY2025, citing global oversupply and currency pressures.