Financials & Economic Updates
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Saputo advances optimization strategy to Australia with plans to permanently close Maffra facility
AUSTRALIA – Canadian dairy major Saputo plans to permanently close its Maffra, Victoria, facility and “streamline” activities at other two Australian sites, putting 75 jobs…
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Fan Milk Ghana reports interim loss despite registering 12% rise in 9 months revenue
GHANA – Fan Milk Ghana, a subsidiary of multinational food-products corporation Danone, has reported a 12% rise in interim revenue to GHS 382.1m (US$26.8m) in…
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Unilever ups underlaying sales in Q3 by 10.6%, Hindustan Unilever contributes majority growth
UK – Multinational consumer goods company, Unilever has raised its sales guidance for the full year after reporting underlying sales growth accelerated to 10.6% in…
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Nestlé reports 9.2% revenue rise in Q3 results, advances inflation costs to customers through price increase
SWITZERLAND – Nestlé has delivered strong organic growth in the nine months of sales after successfully passing on price increases to customers to reflect inflation.…
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Dairibord Holdings reports triple-digit profit growth driven by high sales volumes
ZIMBABWE – In the six months to June 30, 2022, Dairibord Holdings, Zimbabwe’s leading manufacturer and marketer of food, dairy and beverage products, returned to…
