Shoprite’s half year sales grow by 7% despite dismal performance outside SA

SOUTH AFRICA – Africa’s retail giant Shoprite has reported a 7% growth in the group’s total sales to approximately R81.2bn (US$5.62b) in its half-year financial performance ending December 2019. The growth was driven its South […]

Food Cultures & Enzymes boosts Chr. Hansen first quarter performance

DENMARK – Chr. Hansen reported an organic revenue growth of 1% in the first three months of 2019/20 to €272.4 million (US$303.64m) boosted by a 4% growth in Food Cultures & Enzymes and a 1% […]

Zambeef reports growth in annual profits despite prevailing economic hardships

ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef reported a rise in full-year profit despite variations in the Kwacha contributing to a mixed revenue picture in what the food producer described as […]

Williamson Tea Kenya reduces its half year loss despite decline in sales

KENYA – Williamson Tea Kenya and one of its associate farms, Kapchorua Tea Kenya narrowed their losses in the half year ended September and issued pessimistic forecasts for the full year ending March 2020. According […]

South African packaging company Nampak reports full year loss impacted by foreign operations

SOUTH AFRICA – Africa’s largest packaging manufacturer, Nampak, reported a loss of R390m down 132% compared to last year’s profit of R1.2bn (US$81.3m), according to its annual financial results for the year ended September 30, […]

Tiger Brands reports 17% decline in full year earnings despite growth in revenue

SOUTH AFRICA – Tiger Brands, JSE listed packaged food processor has reported a 17% decline in its headline earnings per share for the year ended 30 September 2019 to 1 349c, compared to 1 633c […]

Innscor’s first quarter revenue plunges amid tough economic conditions

ZIMBABWE – Innscor, manufacturer of consumer goods products in Zimbabwe has reported a decline in volumes in the first quarter ended September 30th owed to reduced consumer spending power and continual deterioration of macro-economic fundamentals. […]

Astral Foods’ earnings down 55% despite a 3.9% revenue increase

SOUTH AFRICA – South Africa’s integrated poultry producer Astral Foods, reported a 3.9% group revenue increase to R13.5bn (US$0.9bn) for the full year ended September 2019. Despite increase in revenue, the groups operating profit fell […]