BOTSWANA – Retail giant, Choppies supermarket, ended the year 2015 on a high note after its revenue went up by 17 percent to P 3.5 billion for the half-year to December 2015.
KENYA – Diageo, the East African Breweries Limited (EABL)’s parent company, anticipates the Kenyan unit will record double-digit growth in the second half of this financial year ended June, driven mainly by the resurgence of Senator Keg.
SOUTH AFRICA – Dairy producer Clover cited solid festive season demand in its home market for an uptick in interim earnings, but warned of risks elsewhere in Africa and said it would make no more investments in Nigeria.
KENYA – Unga Group’s net profit for the six months to December has dropped 20.6 per cent in the absence of the one-off gain they received in the previous period from the sale of a paper packaging subsidiary.
SOUTH AFRICA – Liquor brands conglomerate Distell reported strong growth in Southern African markets, but the economic hangover from a lower oil price has drastically curtailed expansion plans in Angola.
NIGERIA – But for the N23.7 billion gain realised from the sale of its remaining 15 per cent stake in United Cement Company of Nigeria (UCC) Limited, Flour Mills of Nigeria (FMN) Plc would have ended its nine months results period ended December 31, 2015 with a loss of about N3.9 billion.
ZIMBABWE – Beverage manufacture Delta Corporation registered a 5% decline in revenue for the quarter ending December 2015 compared to the preceding quarter on weakening lager beer volumes, the company said as consumer patterns shifted.
KENYA – Kenya’s Uchumi Supermarkets swung to an loss after tax of 3.2 billion shillings ($31.37 million) for its year ended June, partly due to an impairment charge for closing some regional outlets as part of a turnaround plan.
ZIMBABWE – Sugar producer, Hippo Valley Estates Limited (Hippo), says its profit for the six months to September 30, 2015 slumped to $2,3 million from $9 million recorded prior period comparative on the back of challenging economic conditions.
SOUTH AFRICA – Rhodes Food Group rewarded investors with a maiden dividend of 24.8c per share after more than doubling annual profits for the 2015 financial year.
SOUTH AFRICA – SA’s largest sugar producer by market value — saw its revenue decline 5.7% to R7.6bn and net profit fall 15% to R742m for six months ended September as the worst drought the country experienced in 23 years hurt production.
ZIMBABWE – Zimbabwe Stock Exchange (ZSE) heavyweight Delta Corporation has posted a 20,6% decline in after tax profit to US$35,7 million owing to weakening sales on the back of an underperforming economy.
NIGERIA – Nigerian Breweries Plc has successfully raised N17.7 billion under its three-year N100 billion Commercial Paper (CP) programme. The N17.7 billion has a yield of 12.50 per cent per annum.
ZIMBABWE – Listed industrial concern African Distillers (AfDis) says revenue for the first four months ending October were lower compared to the same period last year as demand tapered on the back of a weakening economy despite growth in ciders and wines volumes.
AFRICA – The International Monetary Fund has scaled down growth predictions for the Sub-Saharan Africa region.
NIGERIA – Cadbury Nigeria Plc on Wednesday reported a decline of 98 per cent in its profit for the nine months ended September 30, 2015.
ZIMBABWE – Manufacturing industries have been hard hit by the collapse of agriculture, with industry being forced to import raw materials that were previously available locally.
ZIMBABWE – Delta Beverages’ total volumes were down 2% for the six months ended September 30 due to the challenging environment attributed to depressed aggregate demand, the company said yesterday.
KENYA – Beer maker East African Breweries Limited’s (EABL) earnings this year are set to get a major boost following conclusion of the sale of its glass bottle manufacturing subsidiary.
SOUTH AFRICA – RCL FOODS bounced back in the year ended June, reporting headline earnings from continuing operations of R964m from a loss of R333m last year.
NIGERIA – Presco Nigeria Plc’s cost control measures put in place by its proactive management have paid off as half year net income increased 10.18 percent amid tough operating environment crimping the growth of companies in Africa’s largest economy.
SOUTH AFRICA – Stellenbosch-based liquor conglomerate Distell on Wednesday reported a surge in revenue driven by the domestic market as consumers’ thirst for the group’s wine brands grew.
NIGERIA – The tough operating environment and naira devaluation affected the financial performance of Honeywell Flour Mills Plc as its profit dipped by 66 per cent to N1.4 billion for the year ended March 31, 2015.
KENYA – The sale of land and cost-cutting measures helped lift East Africa Breweries Limited’s (EABL) full-year profit 40 per cent to Sh9.6 billion, the beer maker’s financial statements have showed.