Financials & Economy
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Benin expands cashew production as government pushes for local processing
Backed by World Bank financing, Benin plans to boost its cashew yields and shift more processing activities within the country.
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North Cairo Mills reports 14% decline in 9-month net profit amid revenue dip
Despite the overall decline, North Cairo Mills demonstrated resilience in the first quarter of FY 2024/2025, recording a 42.3% year-on-year increase in net profit
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Utz maintains financial guidance amid pressure from tariffs
According to a statement from CEO Howard Friedman, Utz anticipates just a little effect from the tariffs on its operations because it sources almost all of its inputs domestically and runs all of its factories in the United States.
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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.