News type: Research
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May 18, 2022 –
Highlights: National Foods Holdings Limited recorded a 11% volume increase for the 9 months ended March 2022 spurred by : Animal feed. Volume up 16%, poultry strong, Rice, salt. Volume up 41%. Snacks. Volumes up 33%. Cereals. Volumes up 45%. Maize. Volumes down 11% following good harvest. Outlook: Management positive …
Flash, Research | Zimbabwe
May 18, 2022 –
Equity Bank records Q1 2022 attributable earnings of US$100m, up 34% from US$79m year prior. Highlights: Equity Bank realised an annualised Return on Equity of 26% in Q1 2022. Profit before tax, Return on Assets (ROA) and percentange country contribution: PBT – US$m Kenya EA ex Kenya DRC Q1 2022 …
Flash, Research | Kenya
May 17, 2022 –
NMB Bank Tanzania recorded Q1 2022 attributable earnings of US$44m, up 55% from year prior. Highlights: NMB Bank realised an annualised Return on Equity of 28% in Q1 2022. Net interest margin/total assets of 8.4% relative to 8.7% on loans up 16% at US$2.1bn. Payroll deduction loans amounted to 65% …
Flash, Research | Tanzania
Apr 20, 2022 –
Sub-Saharan Africa’s (excluding South Africa’s) stock markets fell 1.5% in March 2022 but are up 3.2% year to date. The market capitalisation of the Top 30 companies for March 2022 was US$117bn, up 0.1% on February. US$ returns by market Ten of the fourteen Sub-Saharan Africa’s (excluding South Africa’s) stock …
Research | Botswana, Ghana, Ivory Coast, Kenya, Malawi, Mauritius, Mozambique, Namibia, Rwanda, South Africa, Tanzania, Uganda, Zambia, Zimbabwe
Apr 14, 2022 –
Letshego Namibia raised its FY 2021 dividends by 31% despite a 5% drop in its earnings to N$303m (US$19m). Highlights: H2 2021 earnings fell by 10% against H1 2021 on account of increased operating expenses and a reduced net interest margin. Letshego Namibia’s share price has risen sharply this year, …
Flash, Research | Namibia
Apr 12, 2022 –
Cresta Marakanelo 2021 sales revenue were up 7% to US$18.4m over 2020. Highlights: The good news is that since the lifting of Covid restrictions in October 2021, Cresta’s H2 2021 losses were 20% of the H1 2021 losses and sales revenues increased 24% in Q4 2021 vs Q4 2020. 2021 …
Flash, Research | Botswana
Apr 6, 2022 –
Axia Corporation H1 Dec 2021 earnings in ZW$ were up 83% against an inflation rate of 61%. In US$ terms earnings were US$4.4m up from US$3.8m in the year prior. Highlights: H1 Dec 2021 sales were up 70% relative to an inflation rate of 61%. H1 Dec 2021 operating margins …
Flash, Research | Zimbabwe
Apr 5, 2022 –
Simbisa Brands H1 Dec 2021 earnings in ZM$ were up 153% against an inflation rate of 61%. In US$ terms earnings were US$6.9m up from US$3.6m in H1 2021. Highlights: FX gains increased in H1 2022 to US$5.8m compared to US$2.5m in H1 2021. H1 Dec 2021 sales were up …
Flash, Research | Zimbabwe
Mar 31, 2022 –
National Foods H1 December 2021 earnings were up 26% against an inflation rate of 61% as finance costs and FX losses increased and the contribution from associates fell. However, in US$ terms earnings declined to US$7.2m from US$9.2m year prior. Highlights: H1 Dec 2021 sales were up 96% relative inflation …
Flash, Research | Zimbabwe
Mar 30, 2022 –
Innscor Africa’s attributable earnings were up 25% to US$22m in H1 December 2021. Highlights: H1 December 2021 sales were up 112% against an inflation rate of 61%. The operating margin declined to 21% from 25% in the year prior. Good debt position is reflected by low long-term debt and interest …
Flash, Research | Zimbabwe
Mar 24, 2022 –
TSL Limited’s real estate and Avis car rental operations were up 10% and 75% respectively in Q1 2022. Highlights: Q1 2022 sales revenue was up 69% against an inflation rate of 60%, thus was positive in real terms. The tobacco auction season is set to start at the end of …
Flash, Research | Kenya
Mar 22, 2022 –
Sub-Saharan Africa’s (excluding South Africa’s) stock markets rose 3.1% in February 2022 and are up 4.7% year to date. The market capitalisation of the Top 30 companies for February 2022 was US$117bn, up 0.7% on January. US$ returns by market Nine sub-Saharan African stock markets had positive year-to-date US$ returns …
Research | Botswana, Ghana, Ivory Coast, Kenya,