Financials & Economy
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FMN suffers operation profit loss of US$12m despite impressive revenue
NIGERIA – Flour Mills of Nigeria PLC has recorded a sluggish operating profit due to a foreign exchange loss of N22.5 billion (US$29M) in the…
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Olam Group targets early 2024 for agricultural unit’s Singapore-Saudi dual IPO
SINGAPORE- Olam Group, one of the world’s biggest agricultural commodity traders, recently announced that it is targeting the Singapore-Saudi IPO of its agricultural unit by…
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Post records 22% jump in net sales on strong performance in its pet food segment
USA – Post Holdings, a consumer-packaged goods holding company has reported net sales of US$1.9bn, an increase of 21.9% on the prior year on the…
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Ingredion adjusting production to meet shifting consumer demand pays off in Q2
USA – Ingredion, a leading global provider of ingredient solutions, has recorded robust profit growth from its operations in the second quarter of fiscal 2023,…
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Benson Hill seeks partners to expand into animal feed market, names chief transformational officer
USA- Benson Hill, a food technology company, is seeking partnerships to bolster its position in the animal feed market after entering a partnership with ADM…