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Financials & Economy
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Ingredion records US$197M net income for Q1 2025
On May 6, Ingredion’s shares closed at US$138.44 on the New York Stock Exchange, marking an increase of US$4.81 per share, or 3.6%, from the previous day.
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Nestlé Nigeria records US$31.8M profit after tax for Q1 2025, restoring its profitability
Revenue surged by 61% to NN294.885 billion (US$183M), compared to N183.484 billion (US$114M) in Q1 2024.
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MGP Ingredients announces a US$2.99M net loss for Q1 2025
In the same period last year, the company reported a net income of $20.4 million, which amounted to 92 cents per share of common stock.
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Grupo Bimbo Q1 results indicate profit drop despite revenue growth
The company is expanding its distribution network and tailoring strategies to maximize value in various markets.
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Global snack giants cite inflation, economic uncertainty as top reasons for poor snack sales
Executives in the snacking industry have expressed a bleak outlook, showing little hope for improvement in the near future.