KENYA – Troubled sugar miller Mumias is set to announce a net loss of at least Sh2 billion for the year ended June, marking the second consecutive year of loss and worsening the dividend outlook.
NIGERIA – Guinness Nigeria Plc, has released its results for the year ended June 30, 2014.
UGANDA – Retail chain Uchumi Supermarkets has closed down one of its branches in Uganda, as the retailer announced a 7.6 per cent growth in its 2014 after-tax earnings helped by a tax credit.
ZIMBABWE – Dairibord Holdings (Dairibord)’s says its milk intake and sales slumped in the half year to June 2014.
NIGERIA – Following disappointing revenue posted by Cadbury Nigeria Plc and other fast moving consumer goods companies, analysts at Renaissance Capital has lowered their Cadbury Nigeria Plc FY14 headline earnings per share (HEPS) forecast from N3.21 to N1.75 (-45 per cent).
SOUTH AFRICA – Ready meal and jam maker Rhodes Food Group (RFG) on Monday announced its intention to list on the JSE’s main board, joining giants like Pioneer Foods and Tiger Brands, owner of the popular Koo canned food range.
NIGERIA – Flour Mills of Nigeria Plc has announced a profit before tax of N3.54 billion for the first quarter ended June 30, 2014 showing a decline of 24.5 per cent over N4.69 billion recorded in the corresponding period of 2013.
NIGERIA – Earnings of quoted firms operating in the Fast Moving Consumable Goods (FMCG) sector have slipped in the first quarter of the year as economic uncertainties pummel performance, thus slowing the industry’s momentum.
SOUTH AFRICA – Country Bird’s debt burden is weighing on the poultry producer’s expansion in other African countries, the group said in its annual results published on Monday.
ZIMBABWE – Zimbabwe Stock Exchange-listed African Distillers Limited posted a 150 percent increase in profit for the year ended June 2014 spurred by volume growth, cost management and improved productivity.
NIGERIA – Guinness Nigeria Plc has notified the Nigerian Stock Exchange (NSE) that it has scheduled a board of directors meeting to hold on Thursday, September 4, 2014.
SOUTH AFRICA – Shareholders in empowerment company Grand Parade Investments (GPI) need to delay gratification.
NIGERIA – The National Bureau of Statistics (NBS) has revised the size of Nigerian economy to about N81.009 trillion following it latest final rebasing of the country’s Gross Domestic Product (GDP), using the Expenditure Approach between 2010-2013.
SOUTH AFRICA – South Africa’s economy escaped recession in the second quarter of 2014, although figures showed economic growth was very weak, crippled particularly by strike action in the platinum sector in the first half of 2014.
NIGERIA – Inventories of finished goods in Nigeria’s manufacturing sector have been declining significantly in the last 12 months, showing that locally-made goods are doing better in local and international markets.
NIGERIA – Two major agriculture firms operating in Nigeria’s oil palm sector which are quoted on the Nigerian Stock Exchange (NSE) have recorded the strongest growth in six quarters, as second-quarter 2014 earnings spiked on increased price of palm oil at the international market, BusinessDay analysis shows.
