FMCGs’ profits up 182% in 9 months

by | January 4, 2018 12:45 am



Fast Moving Consumer Goods Firms (FMCGs) in Africa’s most populous nation have recorded profit growth amid a tough and volatile macroeconomic environment. A price increase implemented by firms through the half year of 2017 after the devaluation of the currency help jerk up sales as they  passed on rising costs to the final consumers. The cumulative…

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