National Foods Holdings Limited 2023 Annual Report

National Foods Holdings Limited (NTFD.vx) 2023 Annual Report

By Published On: November 1, 2023TYPE: Annual ReportsYear: 2023Period: Country: ZimbabweSector: Agri-industrial

National Foods Holdings Limited (NTFD.vx) listed on the Victoria Falls Stock Exchange under the Agri-industrial sector has released its 2023 annual report.

For more information about National Foods Holdings Limited (NTFD.vx) reports, abridged reports, interim earnings results and earnings presentations visit the National Foods Holdings Limited (NTFD.vx) company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for National Foods Holdings Limited (NTFD.vx) in the past 12 months, as of 2nd October 2023, is US$293.58K (US$293.58K). An average of US$24.47K (US$24.47K) per month.

National Foods Holdings Limited 2023 annual report

Company Profile

National Foods is Zimbabwe’s largest food manufacturer. The company was established in 1920 and produces a broad range of basic foods including maize meal, flour, rice, salt, snacks, biscuits, pasta, sugar beans, baked beans, popcorn and a full range of animal feed. Recently, a maize based cereal has been added to the National Foods product portfolio. The company’s iconic and home-grown brands Red Seal, Pearlenta, Gloria, Mahatma, Better Buy, ZimGold, National Foods Stockfeeds, Iris, Zapnax, KING and most recently Allegros Popticorn are loved across the length and breadth of Zimbabwe. Gloria and Red Seal have been trusted and esteemed brands in Zimbabwe for almost a 100 years. The company has two major shareholders; Innscor Africa Limited (37.45%) and Tiger Brands (37.45%). The National Foods Workers Trust, which was established in 1985 by way of a donation, also owns 9.53% of the company. The beneficiaries of the Trust are the National Foods Ltd non-managerial employees. National Foods has manufacturing sites in Harare and Bulawayo from which it distributes its products throughout Zimbabwe. Our people work passionately to add value to the lives of our customers and consumers through our products; striving to continuously improve our existing products as well as progressively adding new categories to our portfolio.