Cargill reports double digit growth in second quarter earnings

USA – Cargill reported 19% growth in adjusted operating earnings to US$1.02 billion for the fiscal 2020 second quarter ended November 30, 2019 supported by growth in the animal nutrition & protein, and industrial & […]

Zambeef reports growth in annual profits despite prevailing economic hardships

ZAMBIA – Integrated cold chain food products and agribusiness company Zambeef reported a rise in full-year profit despite variations in the Kwacha contributing to a mixed revenue picture in what the food producer described as […]

Fonterra is making good progress towards achieving new strategy, says CEO Miles Hurrell

NEW ZEALAND – In September this year, New Zealand dairy co-operative, Fonterra unveiled a new operating model and organization strategy introducing a new customer-led operating model in a bid to drive profitability. After nearly three […]

Williamson Tea Kenya reduces its half year loss despite decline in sales

KENYA – Williamson Tea Kenya and one of its associate farms, Kapchorua Tea Kenya narrowed their losses in the half year ended September and issued pessimistic forecasts for the full year ending March 2020. According […]

South African packaging company Nampak reports full year loss impacted by foreign operations

SOUTH AFRICA – Africa’s largest packaging manufacturer, Nampak, reported a loss of R390m down 132% compared to last year’s profit of R1.2bn (US$81.3m), according to its annual financial results for the year ended September 30, […]

Tiger Brands reports 17% decline in full year earnings despite growth in revenue

SOUTH AFRICA – Tiger Brands, JSE listed packaged food processor has reported a 17% decline in its headline earnings per share for the year ended 30 September 2019 to 1 349c, compared to 1 633c […]

Innscor’s first quarter revenue plunges amid tough economic conditions

ZIMBABWE – Innscor, manufacturer of consumer goods products in Zimbabwe has reported a decline in volumes in the first quarter ended September 30th owed to reduced consumer spending power and continual deterioration of macro-economic fundamentals. […]

Rhodes Food Group’s grows annual turnover by 8.5% to US$364.5m

SOUTH AFRICA – The Rhodes Food Group, South Africa’s leading manufacturer of canned fruit, jams and canned meat, upped its operating profit by 24.9% to R392.2m (US$26.4m) and headline earnings by 38% for the year […]