Financials & Economy

The downturn was attributed to a steep decline in revenue, a near-collapse in other operating income, high material costs, and a spike in finance costs.

A key component of the strategy is targeted investment in assets expected to deliver measurable volume and margin gains.

The country has benefited from the trade war between China and the United States, in which China has shifted most of its purchases to Brazil and Argentina.

Libya’s recorded wheat consumption exceeds global averages by more than 470%, raising questions over import volumes.

The quarter showcased segment resilience despite retailer and pantry-loading inventory normalization post-inflation.