Financials & Economy
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Malayan Flour Mills reports 13% decline in Q1 profit, allocates US$45 M Capex for FY2025
To bolster its operations, Malayan Flour Mills has earmarked US$ 45.5 million in capital expenditure for the financial year ending December 31, 2025.
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Flowers Foods records net income of US$53M in Q1 2025
According to Ryals McMullian, chairman and chief executive officer, tariffs are burdening consumers who are already feeling the pinch of rising living expenses and are concerned about their own financial status as well as the unpredictability of the US economy.
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Zeenab Foods redeems US$2.65M in commercial paper demonstrating strong liquidity, investor confidence
The successful CP redemption follows a similar early settlement of N1.6 billion (US$1.23 million) under Series 1 (Tranche A) in September 2024
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Africa food ingredients market size projected to reach US$3B by 2034
Multinational corporations are gradually establishing local partnerships in the region to meet local demand and navigate the complex regulatory environment.
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GrainCorp H1 profit jumps 17% on strong east coast grain volumes
Revenue for the six months ending March 31 jumped 21% to A$4.09 billion (US$2.61 billion)