National Foods reports major decline in total volumes in the first half

ZIMBABWE – National Foods Holdings Limited, Zimbabwe’s listed agri-industrial concern has reported a 32% decline in total volumes for the half year to December 31, 2019 attributable to declines across all segments apart from the […]

Rhodes Food reports single digit growth in turnover amid challenging environment

SOUTH AFRICA – Rhodes Food Group (RFG), South Africa-based producer of fresh, frozen and long-life convenience meal solutions has reported a 7.6% increase in turnover for the five months to end February, boosted by the […]

Grand Parade Investments reports revenue growth despite divesting from food business

SOUTH AFRICA – Grand Parade Investments, which recently announced the sale of its SA Burger King licence has attributed the exit from its restaurant interests to reducing its debt and improving profits in its half […]

Champion Breweries reports profit growth driven by surge in sales

NIGERIA – Champion Breweries Plc, producer and marketer of alcoholic and non-alcoholic beverages in Nigeria reported strong profit growth for the full year 2019. The company’s profit rose to N169m (US$0.4m) from a loss of […]

Famous Brands reports 6.4% increase in sales boosted by signature brands

SOUTH AFRICA – Famous Brands, South African restaurant franchisor has reported a 6.4% rise in systemwide sales across all restaurants in SA in its year ended February 2020, while like-for-like sales grew by 2.9%. The […]

South Africa’s RCL Foods grows half-year revenue 7.1% to US$930m

SOUTH AFRICA – The South African consumer goods and milling company, RCL Foods has reported an increase in revenue of 7.1% to R14.2 billion (US$930m) in its interim results for the six months ended December […]

Unga Group’s half-year profits fall despite double digit growth in revenue

KENYA – Unga Group Limited, a Kenyan-based holding company with investments in flour milling and manufacturing of human nutrition products and animal feeds has reported a decrease in profit to Sh151 million (US$1.48m) for the […]

Wine and Spirit group Distell reports fall in sales volume as competition stiffens

SOUTH AFRICA – Distell, South Africa’s wine and spirit producer reported a 6.6% fall in volumes in its half year to end December, with profit falling 1.2% to R1.26bn (US$81.6m). Group revenues were up 2.7% […]