Rhodes Food reports 9.6% turn-over rise boosted by the performance from its regional segment

SOUTH AFRICA – Rhodes Food Group (RFG), South Africa-based producer of fresh, frozen and long-life convenience meal solutions has reported an almost double-digit rise in revenue of 9.6% to R2.9 billion (US$160.9m) for the half year ended March. The company, whose brands include Rhodes, Bull Brand, Magpie, Squish, Bisto, Hinds and Pakco supplies customers and consumers across South Africa, Sub-Saharan Africa and in major global markets. The company has been able to continue operating throughout the lockdown imposed in South Africa from March 27 to curb the spread of the…

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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 performance from its regional segment, which includes South Africa and the rest of Africa. The company, whose brands include Rhodes, Bull Brand, Magpie, Squish, Bisto, Hinds and Pakco supplies customers and consumers across South Africa, Sub-Saharan Africa and in major global markets. According to an IOL report, regional segment turnover increased 9.3percent, with regional fresh…

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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 2019. The company, whose brands include Rhodes, Bull Brand, Magpie, Squish, Bisto, Hinds and Pakco supplies customers and consumers across South Africa, Sub-Saharan Africa and in major global markets. Total group turnover increased by 8.5% to R5.4bn (US$364.5m) while turnover in the regional segment, which includes SA and the rest of Africa, increased by 8.4%…

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Rhodes Food reports single digit growth in turnover amid challenging environment

SOUTH AFRICA – Rhodes Food Group, a South Africa-based producer of fresh, frozen and long-life convenience meal solutions reported 8.8% growth in turnover for its African operations during the 10 months ended July 2019. The company, whose brands include Rhodes, Bull Brand, Magpie, Squish, Bisto, Hinds and Pakco supplies customers and consumers across South Africa, Sub-Saharan Africa and in major global markets. South Africa and rest of Africa segment, which accounts for 81% of the firm’s 2018 turnover, experienced weak macroeconomic and consumer environment. In comparison to the previous years,…

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Rhodes Food Group to invest US$80.56m over 3 years

SOUTH AFRICA – The South African food producer Rhodes Food Group has committed to invest more than US$80.56 million over the next three years to expand its capacity and enhance production efficiencies. In a bid to maintain momentum in sub-Saharan Africa, the group said it will increase brand shares and extract benefits from recent acquisitions and major projects. Its brands include Bull Brand, Magpie, Squish, Bisto and Hinds. Business Report said the planned investment would be used to fund new facilities as well enhance production efficiencies. As part of its…

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Rhodes Food Group turns to Africa for growth with turnover up 16.6%

SOUTH AFRICA – JSE listed leading producer of fresh, frozen and long life food has reported a 16.6% growth in group turnover in interim results for the six months ended 1 April 2018 as it deepens its growth in the sub-Saharan Africa region. The company said global business was limited as a result of currency volatility and increased costs although international market recorded 3.6% increase in turnover for the period. Turnover in the regional segment (South Africa and the rest of Africa) increased by 19.5%, with organic growth of 7.6%…

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Tea producer partners Rhodes Food Group in distribution deal

SOUTH AFRICA – BOS Brands has signed a sales and distribution agreement with Rhodes Food Group (RFG), one of Southern Africa’s oldest and largest food producing and distribution companies. The sales and distribution agreement follows 2017’s partnership between the two companies, which saw RFG taking over packaging as part of BOS’s portfolio. According to BOS Brands MD, Will Battersby, the sales and distribution agreement with RFG will further enhance synergies across the two companies, creating a significant growth opportunity for both. “This agreement sees RFG managing all sales and distribution of the…

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Rhodes Food expecting profits to fall as drought, exports dip hit

SOUTH AFRICA – Rhodes Food fell more than 3.5% in early trade yesterday after the group announced that it expected profits for the year ended October to decrease by up to 22% as the Western Cape drought and international business weighed on the bottom line. The company said the drought had pushed up canned fruit costs and impacted negatively on its export volumes  while its international units underperformed due as a result of the rand strength during. The Western Cape-based food producer owns brands such as Rhodes, Bull Brand, Magpie and…

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