Clover shares grow on expected increase in headline earnings

SOUTH AFRICA - The branded foods and beverages group, Clover Industries said it expects its headline earnings a share to increase by between 207.13% and 227.13% for the year to June, IOL reports. Following the announcement, its share price jumped by 2.14 % to $1.36 a share, from the previous price of $1.33. The release…

Clover expects 20% increase in earnings on improved market conditions

SOUTH AFRICA - The branded foods and beverages group, Clover Industries Ltd expects headline earnings per share (“HEPS”) for the year ending 30 June 2018 to increase more than 20% stating improved market conditions in the period. In a trading statement released 28 June, the group said its earnings per share (Eps) would also lift…

Clover Industries partners with FUTURELIFE to launch new nutritional dairy drink

SOUTH AFRICA - Clover Industries Limited, the branded foods and beverages group has partnered with the South Africa’s functional food company FUTURELIFE to introduce Smart Drink, a nutritional dairy product to add to its portfolio of functional drinks. SMART DRINK is an enriched drink made of dairy and a combination of specialized starches (non-GMO), to…

Improvement initiatives push Clover’s revenue growth by 7.7%

SOUTH AFRICA - Clover S.A. Ltd, consumer goods and products producer reported 7.7% revenue growth to US$352.50 million in the six months to December, attributed to a series of efficiency improvement initiatives. The company’s operating profit shot up 14.8% to US$31.05 million, with headline earnings per share jumping 17.8%. Establishment of Dairy Farmers SA (DFSA)…

Dairy producer Clover appoints Frantz Scheepers as CFO

SOUTH AFRICA - Frantz Scheepers has been appointed the new CFO of Clover Industries, replacing 2017 CFO Awards nominee, Elton Bosch. Starting 1 November, for two months, Scheepers will act as the CFO designate, working closely with Bosch to ensure a smooth transition. He will then formally take over as CFO, effective 1 January, also…