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CLOVER NEWS ON FASTMOVING

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Clover, Milco merger puts 657 jobs on the line

Clover, Milco merger puts 657 jobs on the line

17/09/2019 - 10:05
A total of 657 existing jobs will be on the line at Clover Industries in the next two years if the R4.8 billion merger between the JSE-listed dairy company and Israel-based Milco is approved by the Competition Tribunal.  read more
Clover's R4.7bn deal gets Competition Commission nod

Clover's R4.7bn deal gets Competition Commission nod

22/07/2019 - 10:12
The Competition Commission has approved, with conditions, the R4.8bn sale of branded foods and beverages group Clover Industries to a consortium led by Tel Aviv-based Central Bottling Company, Clover said on Friday. read more
Clover set to return to profit in year to June

Clover set to return to profit in year to June

13/05/2019 - 10:15
Clover, which makes dairy-based foods and beverages, says it will return to profit in the year ending June 2019 after making its first annual loss in more than a decade in the prior year. read more
Brimstone confirms exit from Clover deal

Brimstone confirms exit from Clover deal

12/04/2019 - 10:01
Brimstone Investments confirmed that it will not be participating in a consortium seeking to acquire SA’s biggest dairy producer Clover, but had agreed on a plan to facilitate its exit.  read more
Sugar tax didn't sweeten the deal for Clover

Sugar tax didn't sweeten the deal for Clover

05/03/2019 - 11:02
The sugar tax may be aimed at reducing consumption, but it ate its way into Clover's profits, the group said on Tuesday.  read more
Clover: Israeli link meeting resistance

Clover: Israeli link meeting resistance

15/02/2019 - 10:58
The market is nervously considering the implications of empowerment company Brimstone’s decision to review its role in the much-awaited takeover of local dairy giant Clover. read more
Brimstone to review Clover acquisition after boycott threats

Brimstone to review Clover acquisition after boycott threats

08/02/2019 - 09:35
JSE-listed Brimstone said that it is reviewing its participation in a consortium seeking to acquire dairy producer Clover, due to protests over the participation of an Israeli company. read more
Impairments push Clover into a full-year loss

Impairments push Clover into a full-year loss

12/09/2018 - 13:07
Consumer goods and products producer Clover swung to a loss in the year to end-June, as the sudden resignations of the CEO and chair of Dairy Farmers of SA (DFSA) forced the group to write down the R439m revolving credit facility it had extended to the subsidiary. read more
Clover’s earnings to rocket

Clover’s earnings to rocket

13/08/2018 - 09:41
Clover’s share price climbed 4.11% after it said it expected a threefold increase in full-year headline earnings per share.  read more
Clover’s drive towards more than just milk

Clover’s drive towards more than just milk

07/03/2018 - 11:42
Clover industries’ operating margins took a positive turn with the group taking a shot at adding more products into its market, which is proving to be welcomed by South African consumers. read more
Basson takes up nonexecutive role at dairy group Clover

Basson takes up nonexecutive role at dairy group Clover

16/01/2018 - 10:48
Whitey Basson is back in the driving seat months after his exit from Shoprite, accepting an offer to become an independent nonexecutive director of JSE-listed dairy group Clover. read more
Some positives in tough year for Clover

Some positives in tough year for Clover

13/09/2017 - 13:19
Clover Industries was savaged on all fronts in the year to June. Prolonged drought was followed by a wetter, cooler summer, which affected beverage sales. At the same time, rand volatility was compounded by SA’s ugly political environment. read more
Prolonged drought and volatile rand squeeze Clover

Prolonged drought and volatile rand squeeze Clover

12/09/2017 - 17:18
Dairy and foods group Clover reported a dismal set of results, as expected after last week’s trading update, with sharp drops in profit at almost all levels. read more
Clover lowers earnings outlook, on effects of drought and rand

Clover lowers earnings outlook, on effects of drought and rand

07/09/2017 - 13:23
Food, beverage and dairy group Clover has warned that earnings will be worse than previous guidance, as it reels from the after-effects of the 2015-16 drought and volatility in the rand, which inflated input costs. read more
Few cheers from the market for Clover’s new structure

Few cheers from the market for Clover’s new structure

06/07/2017 - 10:27
Food producer Clover’s share price fell 4% to R16.30 on Thursday morning after it announced it had completed moving control of its milk trading arm to dairy farmers. read more
Clover drops after earnings warning

Clover drops after earnings warning

30/05/2017 - 09:38
The company's higher input costs are behind the expected 65% decline. read more
Clover caught between drought and embattled consumers

Clover caught between drought and embattled consumers

01/03/2017 - 09:22
Dairy products group says rising raw milk prices and constrained consumers put it under pressure during the first half of its financial year. read more
Clover refines milk plan

Clover refines milk plan

31/01/2017 - 08:26
The company plans to help milk producers pursue a 'volume growth strategy' through new special purpose vehicle Dairy Farmers SA. read more
Clover warns of sluggish trade in festive season

Clover warns of sluggish trade in festive season

19/01/2017 - 09:17
Clover’s December 2016 trading volumes were markedly lower than for December 2015, the dairy company said. This pushed the share down 6.62% by the close on Wednesday. read more
Clover reports pedestrian growth as operating costs soar

Clover reports pedestrian growth as operating costs soar

13/09/2016 - 09:36
CLOVER Industries on Tuesday reported single-digit growth in full-year net profit as the dairy products and beverages group battled higher operating costs. read more
Clover warns of milk hikes

Clover warns of milk hikes

03/03/2016 - 09:39
Johannesburg - Clover Industries is warning it will have no choice but to soon hike the selling prices of its products as the rand continues to trade weakly. read more
Clover pulls back in Nigeria as oil rout takes toll

Clover pulls back in Nigeria as oil rout takes toll

02/03/2016 - 09:15
Dairy producer Clover cited solid festive season demand in its home market for an uptick in interim earnings, but warned of risks elsewhere in Africa and said it would make no more investments in Nigeria. read more
‘Exceptional’ new product sales boost Clover

‘Exceptional’ new product sales boost Clover

17/09/2015 - 11:16
Clover Industries on Wednesday reported a surge in full-year operating profit as consumers took a liking to its new offerings of yoghurts and custard. read more
Clover sees jump in earnings

Clover sees jump in earnings

11/08/2015 - 11:35
Johannesburg - Food and beverage group Clover forecast a surge of 64.2 percent to 74.2 percent in headline earnings a share for the financial year to June, putting them 65.9c to 76.2c higher than the 102.7c reported for the previous financial year.  read more
Nkunzi deal approval lets Clover in at Woolies

Nkunzi deal approval lets Clover in at Woolies

05/05/2015 - 08:43
The Competition Commission has approved Clover’s acquisition of Nkunzi Milkyway, the maker of Tropika juice and condensed milk. read more
Windhoek approves Clover listing - Namibia

Windhoek approves Clover listing - Namibia

17/04/2015 - 08:32
The Namibian Stock Exchange has approved next Wednesday’s secondary listing of Clover, the dairy company said on Wednesday. read more
Clover races to meet demand for yoghurt

Clover races to meet demand for yoghurt

20/03/2015 - 08:04
CLOVER Industries, which started making yoghurts and custards this year, will spend R65m on installing another yoghurt production line because the one it bought from DairyBelle has run out of capacity two years earlier than expected. read more
Clover’s H1 earnings jump

Clover’s H1 earnings jump

17/03/2015 - 09:44
Johannesburg - Food and beverage company Clover's interim results for the six months ended December 31 improved by 41 percent, the company said on Tuesday.  read more
Clover sees first-half profit rise

Clover sees first-half profit rise

11/02/2015 - 09:42
Diversified dairy producer Clover said on Tuesday it expects headline earnings per share for the six months to end December to increase by between 36% and 46%. read more
Full cream products are in favour

Full cream products are in favour

13/01/2015 - 09:58
Consumers are buying more of Clover Industries’ full cream products and slightly fewer of its low fat offerings, says CEO Johann Vorster. read more
Clover set to ‘bring new ideas to the table’

Clover set to ‘bring new ideas to the table’

12/01/2015 - 10:34
Value-added products including yoghurts, custards, and desserts could make up about 20% of Clover Industries’ business within a few years, says CEO Johann Vorster. read more
Clover expects first half earnings to rise 30% over previous period

Clover expects first half earnings to rise 30% over previous period

05/01/2015 - 11:55
Dairy producer Clover said on Tuesday it expects first-half headline earnings per share to rise by 30% over the previous comparable period. read more
Clover, Dairybelle merger approved

Clover, Dairybelle merger approved

02/12/2014 - 09:35
Johannesburg - The Competition Tribunal has approved a merger between Clover and DairyBelle's yoghurt/UHT milk business, it said on Monday.  read more
Clover fights conditions for merger

Clover fights conditions for merger

28/11/2014 - 09:32
JSE-listed diary producer Clover has objected to a proposed condition set by the Competition Commission for the approval of the company’s takeover of DairyBelle’s yoghurt and long life milk businesses. read more
Watchdog conditionally approves Clover, Dairybelle deal

Watchdog conditionally approves Clover, Dairybelle deal

20/10/2014 - 12:39
The Competition Commission has recommended a conditional approval of the merger between JSE-listed Clover and Dairybelle’s yoghurt and long-life milk businesses. read more
Clover profit falls as costs bite

Clover profit falls as costs bite

16/09/2014 - 12:56
Johannesburg - South African food and beverage firm Clover Industries Ltd posted a 14.2 percent fall in headline earnings on Tuesday, clipped by brisk inflation levels and higher raw material costs. read more
Clover-Bowler deal ‘would make sense’

Clover-Bowler deal ‘would make sense’

23/07/2014 - 15:50
A takeover of Bowler Metcalf’s beverages business, by Clover Industries, would "make strategic sense" for the companies, analysts say. read more
Clover stock falls on earnings announcement

Clover stock falls on earnings announcement

12/05/2014 - 11:18
Despite announcing an acquisition allowing it to manufacture innovative products, Clover Industries’ share price took a knock last week Thursday as the company said it expected a material fall in full-year earnings. read more
 Clover to head for the coast as travel costs rise

Clover to head for the coast as travel costs rise

22/03/2013 - 08:26
Dairy producer Clover is investigating the possibility of moving its cheese facility closer to milk sources at the coast. This would save on transport and distribution costs, the firm said this week. read more
Clover and Nestlé SA unveil new entity

Clover and Nestlé SA unveil new entity

04/03/2013 - 07:47
Johannesburg - Clover Industries [JSE:CLR] and Nestlé SA on Friday announced the formation of the new entity‚ called Clover Waters.  read more
Clover ups earnings

Clover ups earnings

12/09/2012 - 09:38
Johannesburg – Clover Industries Limited [JSE:CLR] has reported diluted headline earnings per share of 108.7 cents for the year ended June 2012 from 106.2 cents a year ago. read more
Clover‚ Eqstra renew supply deal

Clover‚ Eqstra renew supply deal

06/06/2012 - 07:52
Johannesburg - Consumer goods and beverages group Clover Industries Limited [JSE:CLR] said on Tuesday it had renewed its outsourcing service agreement with Eqstra [JSE:EQS] Flexifleet for a “substantial period of time” in a move to reduce costs in the supply chain. read more
Clover H1 profit jumps

Clover H1 profit jumps

16/03/2011 - 16:55
South African dairy foods maker Clover said on Monday headline earnings per share for the six months to end-December soared to 73.2 cents from 0.9 cents a year earlier read more