HARARE, November 8 (The Source) – National Foods says profitability for the first quarter to September is largely in line with expectations,but volumes fell 10 percent below the same period last year.
HARARE, September 27 (The Source) – Light manufacturing group, Innscor reported an 11 percent increase in net income to $33,69 million in the full-year to June, from $30,48 million in the prior year on cost savings.
HARARE, March 16 (The Source) – National Foods profit after tax marginally decreased to $6.58 million from $6.63 million in the six months to December 31, 2016, largely weighed down by a poor performance by the maize division. The division’s volumes fell 28 percent, leading to… Read More
HARARE, March 5 (The Source) – National Foods Holdings has recorded a 4.7 percent decline in profit before tax to $8,78 million for the six months to December compared to last year due to the poor performance of its maize business. “The outcome was influenced… Read More
HARARE, January 6 (The Source) – National Foods, an associate of Innscor Holdings and one of the largest manufacturers and marketers of food products in Zimbabwe and the southern Africa region, has appointed Michael Lashbrook as chief executive, the company said on Tuesday. Lashbrook had… Read More
HARARE, November 4 (The Source) – National Foods is planning to spend $8,3 million in 2015, nearly 50 percent of it in expanding its flour unit that has become its main growth driver, the acting chief executive said on Tuesday. Michael Lashbrook told shareholders attending… Read More
HARARE, June 24 (The Source) – Gains in cigarette manufacturer, BAT and National Foods on Tuesday propelled the equities market, with the industrial index gaining 2.28 points to close at 190.31 points. BAT was 50 cents firmer at 1300 cents, Natfoods rose five cents to close at… Read More
BULAWAYO, February 20 (The Source) – National Foods says production at its Bulawayo factory is now at 68 percent of capacity compared to 38 percent two years ago, due to higher demand for stock feed, although imports remain a threat to viability. The southern part… Read More
HARARE, November 12 (The Source) – National Foods Holdings will invest $30 million in upgrading its flour mills to boost revenue as the company battles imports that have eaten into its market share, a company official said on Tuesday. In a four month to October… Read More