Astral Foods updates warning on half-year profits
South African poultry processor Astral Foods has said there is "a reasonable degree of certainty" the company's headline earnings per share (HEPS) for the six months ending 31 March will be 50-60%...
View ArticleQuantum Foods warns on half-year profits
South African poultry processor Quantum Foods has warned that the company's headline earnings per share (HEPS) for the six months ending 31 March are likely to be down between 4% and 24%.
View ArticlePioneer Food Group says Zeder deal talks called off
Talks between South Africa's Pioneer Food Group about an unspecified deal with local agribusiness investment firm - and minority shareholder - Zeder Investments have been broken off.
View ArticleBimbo acquires Morocco's Adghal bakery
Mexico-based bakery giant Grupo Bimbo has entered the African market with the purchase of the Adghal group, a Morocco-based producer of baked goods.
View ArticlePioneer Food Group revises H1 profit warning
Pioneer Food Group, the South Africa-based food and drinks group, has warned its half-year earnings could fall by more than it previously estimated.
View ArticleSovereign Food Investments forecasts FY loss
Sovereign Food Investments, the South Africa-based poultry processor, has forecast it will post a loss for the year to the end of February.
View ArticleAstral Foods sees H1 profits tumble
Higher feed costs caused by drought, lower volumes and cheap European imports have hit South African poultry producer Astral Foods' half-year profits, which have slumped by more than half year-on-year.
View ArticleSovereign Food Investments books FY loss over takeover battle costs
Sovereign Food Investments, the South Africa-based poultry processor, has booked a loss of ZAR35m (US$2.6m) for the year to the end of February, despite increased sales.
View ArticlePioneer Food Group names Felix Lombard as CFO
Pioneer Food Group, the South Africa-based food and drinks group, has appointed Felix Lombard as its new chief financial officer.
View ArticlePioneer Food Group confirms tumble in H1 earnings
Pioneer Food Group has confirmed its profits slumped during the first half of its financial year, with the South Africa-based business citing pressure from maize costs.
View ArticleRhodes Food Group books improved H1 sales, earnings
South Africa-based Rhodes Food Group today (23 May) reported growth of 15.9% in headline earnings to ZAR126m (US$9.5m) for the six months to the end of March on increased sales.
View ArticleDanone invests in Fan Milk arm in Ghana
Danone has added production lines at a plant in Ghana run by Fan Milk, the African business in which the French group has a majority stake.
View ArticleTiger Brands H1 sales up, profits mixed
South Africa-based consumer goods group Tiger Brands today (25 May) booked increased half-year sales but reported mixed profit numbers.
View ArticleQuantum Foods profit halved in "challenging" H1
South African poultry processor Quantum Foods has booked increased first-half revenue but saw profit halved in a "challenging" period where prices of key raw materials rose "significantly" as a result...
View ArticleWhat could the chocolate industry's plan to end deforestation look like? -...
Twelve chocolate and cocoa companies, including Nestle, Mondelez International, Hershey last week announced plans to work together to "end deforestation and forest degradation in the global cocoa...
View ArticleDanone plays down Brookside Tanzania buy-out talk
Danone said today (31 March) it no plans to add to its investment in Brookside despite reports the French giant is looking to buy the African dairy group's assets in Tanzania.
View ArticleOlam opens expanded Nutrifoods Ghana biscuits plant
Nutrifoods Ghana, Singapore-based Olam International's majority-owned venture in the African state, has opened an expanded biscuit production facility in the city of Tema.
View ArticleAstral Foods updates warning on half-year profits
South African poultry processor Astral Foods has said there is "a reasonable degree of certainty" the company's headline earnings per share (HEPS) for the six months ending 31 March will be 50-60%...
View ArticleQuantum Foods warns on half-year profits
South African poultry processor Quantum Foods has warned that the company's headline earnings per share (HEPS) for the six months ending 31 March are likely to be down between 4% and 24%.
View ArticlePioneer Food Group says Zeder deal talks called off
Talks between South Africa's Pioneer Food Group about an unspecified deal with local agribusiness investment firm - and minority shareholder - Zeder Investments have been broken off.
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