National Foods (Zimbabwe) records a 11% volume increase for the 9 months ended March 2022

Published On: May 18, 2022By Tags: Southern-Africa

Highlights:

  1. 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.
  2. Outlook: Management positive and group is continuing its on-going investment programme of cereal and flour projects in Harare and Bulawayo.

Investors Issues

National Food’s share price is at an all-time high.

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About the Author: Hartland-Peel Africa Equity Research

Sub-Saharan Africa ex SA: Equity, debt and FX research covering sixteen countries and advising institutional investors. Proprietary data base of sixteen African stock markets, 250+ companies which is one of the most extensive and complete. New issues, IPO’s and distribution of equity on privatisation. Development of lending and corporate finance opportunities for the bank, privatisation and asset management. An ‘A’ rated equity analyst by South African institutional investors as polled by the Financial Mail in 1998 and 1999.

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