Seed Co International Ltd – H2 2023 earnings increased to US$7.2m from US$4.3m loss in H1
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 capital intensive company with a sales/total assets ratio of 0.66 times.
- Maize seed volumes were up 14%.
Investor Issues
- Trading volume of shares low and stock illiquid.
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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.
