Zambeef Products half year revenue decline 4% amid challenging environment

ZAMBIA –Zambeef Products PLC, a food products and agribusiness company, posted a 4% decline in revenues to US$118.8 million for the six months to March 31, 2019 amid a challenging operating environment. Zambeef plunged into […]

Seed Co reports 16% growth in revenues as profits increase four fold to US$9.07m

ZIMBABWE – Seed Co Limited, one of Africa’s leading seed producers, reported a 16% increase in revenues to US$73.4 million offsetting a 323% jump in after-tax-profit to US$9.07 million in the year ended March 31, […]

Famous Brands reports decline in profits amid struggling UK Business

SOUTH AFRICA – Famous Brands, South African restaurant franchisor, posted 5% decline in gross profit to US$246.02 million (R3.6bn) for the year ended February 2019 amid its struggling Gourmet Burger Kitchen (GBK) business. GBK, a […]

Nestle Nigeria reports 5.2% growth in revenues in the first quarter

NIGERIA – Nestle Nigeria Plc has reported US$197.12 million (N71.0bn) in revenue for the first quarter of 2019, representing 5.2% growth compared to corresponding period in the previous year. The company’s gross profit for the […]

Unilever Ghana reports 10% growth in revenue supported by increase in sales

GHANA – Unilever Ghana Limited posted revenues of US$120.35 million (GH¢632m) in 2018, representing a 10 per cent increase from US$109.49 million (GH¢575m) that the consumer good company generated in 2017. The company said that […]

Quantum Foods half year profits plunge 51% despite growth in revenues

SOUTH AFRICA – Quantum Foods, South African animal feeds and poultry producer, has reported 51% decline in operating profit to R121m during the six months to end March 2019 attributed to economic pressure on both […]

Pioneer Foods reports 11.5% growth in half-year revenues to US$768.43m

SOUTH AFRICA – Pioneer Foods, South Africa’s largest food producer, has reported a 11.5% growth in revenues to US$768.43 million (R11.039bn) during its half year results for the period ended 31st March 2019. The company […]

Oceana lifts profits 16% to US$38.8m on improved catch & sales volumes

SOUTH AFRICA – Oceana Group, Africa’s largest fishing group, reported 16%  increase in operating profit to US$38.8 million (R554m) during the six months to March 30, 2019 supported by increasing canned fish volumes. The fishing […]

Clover Industries to rise above tough trading condition in year to June

SOUTH AFRICA – Clover Industries Limited, South Africa’s leading dairy-based foods and beverages manufacturer, says it will return to profits in the year ending June 2019 after posting after tax loss in the previous year. […]

Nestle Nigeria launches new maggi variants as profits rise 49% in Q1

NIGERIA – Nestle Nigeria Plc has launched a new powder seasoning product ‘Maggi Signature’ available in three flavour variants; Jollof, Miya and Pottages into the Nigerian market. Speaking during the launch, the Managing Director, Nestle […]