Consumer goods firms reap reward of price increases as profit surge

by | September 14, 2017 1:54 am

Nigeria’s largest listed Fast Moving Consumer Goods (FMCG) firms are reaping the rewards of price increases across key product brand that resulted in a surge in second quarter profit. The price increase as been an upside than downside as increased sales were able to cover rising production costs and spiralling interest expense. Net income for…

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