News type: Flash
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Apr 29, 2024 –
BK Group Plc FY 2023 earnings increased by 27% to US$59.4 million from US$54.5 million in the year prior. Highlights: Return on Equity up to 20% vs 19% in 2022. Net interest margin/total assets increased to 7.8% from 7.4%, while loans were up by 18% to US$1.1 billion. Corporate loans …
Flash, Research | Rwanda
Mar 19, 2024 –
Airtel Uganda Limited reported 2023 revenue of US$472m, a 10% improvement from US$430m the year prior. Highlights: 2023 earnings down 10% to US$79m compared to prior year. Operating margins down to 33% from 38% year prior. Operating profit decreased to US$157m from US$165m. The return on total assets for 2023 …
Flash, Research | Uganda
Dec 20, 2023 –
Seed Co International Limited, reported H1 2024 revenue increased by 23% to US$31m from US$25m year prior with strong growth in East Africa. Highlights: H1 2024 maize volumes up 18%, total volumes up 16%. H1 2024 earnings improved from a loss of US$3.9m from a US$4.3m loss year prior. Operating …
Flash, Research | Botswana, Zimbabwe
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