News type: Flash
* Please select month and year together
Aug 8, 2023 –
Seed Co International Limited, reported H2 2023 earnings of US$7.2m, an improvement from US$4.3m loss in H1. Highlights: FY 2023 earnings decreased by 58% to US$2.9m from US$7.0m year prior. Sales revenue increased by 17% to US$104m in FY 2023. Operating margins remained unchanged at 15%. Seed Co is a …
Flash, Research | Botswana, Zimbabwe
Aug 1, 2023 –
Zambeef Products Plc sales increased by 8% to ZKw2.8bn (US$158 million). Highlights: Zambeef announced a US$100m expansion into the higher margin cropping and milling sector and exiting the lower margin pig and chicken farming in 2022, which resulted in a goodwill impairment of US$9.0m in FY 2022. 44% of Zambeef’s …
Flash, Research | Zambia
May 8, 2023 –
TSL Limited, trucking logistics business, rail volumes to Maputo and Avis vehicle hire increased by 32%, 117% and 71% respectively in FY 2022. Highlights: TSL has a 71% market share of tobacco auctions in Zimbabwe. A new tobacco floor was opened in Mvurwi and has been operating successfully. Sales revenue …
Flash, Research | Zimbabwe
May 5, 2023 –
Copperbelt Energy Corporation Plc (CEC) FY 2022 revenue increased by 9% to US$374 million from US$342 million the previous year. Highlights: 57% of the revenue is attributed to Zambia Copper mines, 27% to DRC copper mines while the rest is attributed to wheeling. Since 2021, Konkola Copper Mines has been …
Flash, Research | Zambia
May 4, 2023 –
Despite rising input prices (caused by the Ukraine war) and declining demand, National Foods H1 2023 sales increased by 8% to US$167 million, demonstrating the Group’s strong business fundamentals and strategy. Highlights: H1 2023 working capital remains stable at US$40m. Earnings for H1 2023 ended at US$5.9 million as contrasted …
Flash, Research | Zimbabwe
Apr 21, 2023 –
Cresta Marakanelo Limited, was profitable in FY 2022, with attributable earnings of Pula 19.2m (US$1.5m), an improvement from the Pula 40.2m (US$3.4m) loss in FY 2021. Highlights: Cresta was severely affected by Covid 19, hence recorded losses in both FY 2020 and FY 2021 as a result of Covid lockdowns, …
Flash, Research | Botswana
Apr 19, 2023 –
Simbisa Brands, US$ earnings increased by 38% in H1 2023 to 31 December 2022 compared to year prior. Highlights: H1 2023 sales increased by 24% to US$146m. Foreign Exchange gains in H1 2023 increased to US$2.4m compared to US$1.9m in H1 2022. A bargain purchase gain of US$2.1m was realised …
Flash, Research | Zimbabwe
Mar 23, 2023 –
Zanaco Plc, FY 2022 earnings increased to US$65 million from US$59 million year prior. Highlights: H2 2022 earnings of US$44 million were higher than the US$42 million recorded in H2 2021. Net interest margin/total assets decreased to 8.3% from 9.7%, while loans were up by 26% to US$667 million. Non-performing …
Flash, Research | Zambia
Oct 7, 2022 –
Axia Corporation FY June 2022 earnings in ZW$ were up 152% against an inflation rate of 192%. In US$ terms earnings were US$4.4m down from US$5.1m in the year prior. H2 2022 saw a down turn with earnings of US$0.1m, down from US$4.3m in H1 2022. Highlights: Dividend increased sharply …
Flash, Research | Zimbabwe
Oct 5, 2022 –
Simbisa Brands, FY2022 earnings in ZWL increased by 277% from year prior, against an inflation rate of 192%. In US$ terms FY2022 earnings were US$11.8m up from US$9.1m year prior and includes foreign exchange gains of US$11.5m which is up from US$4.1m in FY2021 and property fair value gains of …
Flash, Research | Zimbabwe
Sep 22, 2022 –
TSL Limited, H1 2022 sales revenue increased by 81% against an inflation rate of 96%. Highlights: Q3 2022 revenue increased by 363% against an inflation rate of 257%. H1 2022 operating margins decreased to 24% from 42% in H1 2021. The Group has significant foreign currency earnings which are converted …
Flash, Research | Zimbabwe
Sep 2, 2022 –
Seed Co International Limited , realised H2 2022 earnings of US$5.5m an improvement from US$1.5m in H1 2022. Highlights: FY 2022 earnings decreased to US$7.0m from US$10.9m year prior. Sales revenue remained constant at US$88m in FY 2022. Operating margins decreased to 15% from 22%. Seed Co is a capital …
Flash, Research | Botswana
THE INVESTOR MAILING LIST
The investor mailing list (IML) is an investor relations newsletter focused on African stock markets. The IML has all the essential share trading updates, financial documents, news and corporate announcements. The newsletter currently covers 11 African stock markets and is free.