Africa's Number 1 Food, Beverage & Milling Industry Website
KENYA - Mumias Sugar Company’s sales in the six months to December 2018 dropped by 96% to Sh25 million (250000) from US$6.8 million (Sh680m) recorded in a similar period the previous year. The miller attributed the decline to lack of products for sale during the period following shutdown of its production line between July and…
NIGERIA – Nigerian Breweries Plc has announced a profit after tax of US$27.54 million during its 2018 financial year, a decline from US$37.46 million posted in its 2017 financial year. This represented a 41.2% decline in profits for the beverage manufacture as its revenues for the period under review also dipped to US$894.77 million from…
Zimbabwe – Zimbabwean wine and spirits manufacturer, African Distillers Limited, recorded profit after tax amounting to US$7 million during its six months to 31st December 2018 against US$2.7 million recorded in the prior year, representing a 159% increase. The alcoholic drink manufacturer said that the remarkable performance was fuelled by increased revenues and cost containment…
INDIA – Nestle India reported a 9.6% growth in net profits to US$47.896 million for its fourth quarter period ended 31st December 2018 up from US$43.76 million posted in the corresponding period in its previous financial year. The company total revenues in the period under review increased from US$417.16 million against US$372.26 posted in the…
NIGERIA - Flour Mills of Nigeria (FMN) Plc has reported a profit after tax of US$21.7 million for the period nine months ending 31st December 2018 down from US$36.4 million recorded in the same period of the previous year. This represented a 40.3% decline in profit after tax as total revenues drop from US$1.17 billion…
KENYA – East African Breweries Limited has posted pre-tax profits of US$96.2 million in its half year results for the period ending 31 December 2018 representing a 33% increase in profits compared to the same period last year. In its financial results, the company’s net sales grew 13% to US$ 412 million (Kshs 41.6 billion)…
KENYA – Uchumi Supermarkets fell into the red in the six months to December 2014, blamed on high operational costs, increasing competition and falling sales.
KENYA – Uchumi Supermarkets fell into the red in the six months to December 2014, blamed on high operational costs, increasing competition and falling sales.
ZIMBABWE – Listed brewer Delta Corporation (Delta) recorded a slump in volumes almost across its whole beverages portfolio in the third quarter to December 2014 due to depressed consumer spending.
ZIMBABWE – Listed brewer Delta Corporation (Delta) recorded a slump in volumes almost across its whole beverages portfolio in the third quarter to December 2014 due to depressed consumer spending.