Advertise with fastmoving.co.za
 
 

Clover forecasts higher profits
Clover forecasts higher profits

Clover forecasts higher profits

FMCG SUPPLIER NEWS

IOL Business - Sep 9th 2011, 09:03

Clover Industries (CFR) said on Thursday that headline earnings per share for the 2011 financial year were likely to increase to 113.84 cents from 33.07 cents previously. 

The branded consumer goods and beverages group said headline earnings per share from continuing operations were likely to increase to 113.84 cents from 12.29 cents previously.

The company said headline earnings from continuing operations were expected to increase to 175.2 million rand from 19.0 million rand.

Clover will release the results on September 19. -  

Read more about: fmcg | supplier news

Related News

AVI hit by constrained consumer spending
13/03/2019 - 12:42
Food and beverage company AVI Limited felt the pinch of constrained consumer spending as income from its shoe brands Green Cross and Spitz slid in the half year to December, resulting in revenue in the footwear and apparel category declining by 9.2 percent to R1.14billion.

Shares in Five Roses owner plummet after dismal trading update
28/01/2019 - 08:56
Fast moving consumer goods group AVI warned shareholders that its interim sales were flat and its headline earnings would decline by up to 7%.

What FMCG companies can learn from the online trading industry
18/12/2018 - 08:09
Fast-Moving Consumer Goods (FMCG) are, by their very nature, products that are designed to be sold quickly at a relatively low cost. Unlike luxury items that often need to sit on the shelf for an extended period of time in order to build up some exclusivity, FMCG products need to be sold as quickly as they’re advertised. With speed being the key ingredient in the FMCG industry, any weak links in the chain can harm a manufacturer's bottom-line.

Listeriosis outbreak haunts Tiger Brands
23/11/2018 - 10:06
The Listeriosis outbreak in South Africa came back to haunt Tiger Brands, with the group reporting a 26 percent decline in headline earnings per share (Heps) to 1 587 cents a share during the year to end September, while revenue fell 9 percent to R15.87.

Black Friday spikes turnover for SMEs
22/11/2018 - 10:50
Even though it is tempting to relegate Black Friday as just another marketing gimmick, the reality is that it signifies the start of a month-long consumer spending frenzy that significantly boosts retail revenues.