Listed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes

Listed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes, and the declining purchasing power of consumers, says Reuters. Both top snackmaker Edita and dairy outfit Juhayna saw profits falls, and revenue increases at the two have come on price rises despite falling volumes.