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Followprofit Archives
The rise, fall and rise again of businesses serving more than just their shareholders
The history of what – and who – businesses serve reveals that this is an age-old debate, which has raged since the dawn ...
Bega Cheese cuts guidance over drought
Competition for milk increases as many farmers exit the dairy market over drought.
Nestlé expects sales to rise in 2019 following revived growth in US and China
The company also reported positive growth following launches of Nescafé Gold and KitKat Gold in Australia.
Anchor’s sales leap 31 per cent at 11.11 festival
Sales of its cream, cheese and butter doubled to over $1 million.
Alibaba reports 54 per cent year-on-year growth
E-commerce giant reports September quarter results ahead of 11.11 Festival.
Unilever reports boost in sales for third quarter of 2018
Growth accelerated across all three of the company’s core divisions.
ALDI announces UK expansion plans
The supermarket attracted a further 1.1m customers to its UK stores last year.
PepsiCo to look “critically” at cannabis-infused drinks
PepsiCo CFO was discussing the FMCG giant's plans for its beverage division earlier this week.
Drought sends Nufarm to a $15.6m loss
Australia's severe drought dragged sales by nearly 10 per cent.
Bellamy’s boasts $43 million profit
Infant formula maker rebounds from A$809,000 loss in 2017.
Yowie reduces full year loss with profitable trading in sight
The chocolate company reduced its full-year loss by 32%.
Alibaba quarterly profit drops, but revenue rises
Net profit fell 45 per cent in the quarter ended June 30 to US$1.156 billion.
CCA says SPC could be sold
The soft drinks giant is exploring new options for fruit and veg business.
a2 Milk reach record profit
The NZ dairy producer more than doubled its net profit after tax to a record $NZ195.7 million.
Coles earnings drop nearly 7% as Wesfarmers’ annual profit slumps
The supermarket's food and liquor segment recorded sales growth of 2.1 per cent.
CDS impacts Lion’s half-year profit decline
Lion boss says the beverage company faces challenging conditions in the beer and dairy sectors.
Hershey offloads two of its international businesses
The chocolate company is focused on expanding its US snacks business.
