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AfricaMoney | August 21, 2017

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Innodis Ltd Group sees profit after tax improved by 3.3% to Rs 52.4 million

Innodis Ltd Group sees profit after tax improved by 3.3% to Rs 52.4 million

As expected the performance of Innodis poultry operation in Mozambique has improved as a result of better costs control and a more customer-oriented approach, coupled with an increase in prices of chicken in December 2014. (Image: innodisgroup)

Innodis Ltd Group, one of the largest groups involved in food and non-food production and distribution in Mauritius,  has registered for the half year ended December 31, 2014,  a group turnover almost unchanged at Rs 2.283 billion against Rs 2.275 billion for the same corresponding period in 2013.

Group profit after tax improved by 3.3% to Rs 52.4 million against Rs 50.7 million for the corresponding period in 2013.

Earnings per share stood at Rs 2.08 at December-end 2014 whereas at the same period in 2013 it was Rs 2.48.

According to the financial statement released by the company they have a good run in the second quarter ended December31, 2014, with both group and company profitability being fairly stable.

In spite of the stretches of bad weather and the uncertainty trading climate preceding the General Election.

As expected the performance of Innodis poultry operation in Mozambique has improved as a result of better costs control and a more customer-oriented approach, coupled with an increase in prices of chicken in December 2014.

Going forward, on their increased focus on sales and marketing combined with their recent investments in new equipment should result in a further improvement in their performance.

Locally, the company has mitigated the effects of the appreciation of the USD on their prices of imported raw materials, through a more efficient management of their costs of production in both the poultry and daily segments.

Finally, their dry and frozen packing sections are now Hazard Analysis and Critical Control Point (HACCP) certified, while their poultry operation has been awarded in December 2014 the ISO 14001 certification for its environmental management system.

 

About Innodis Group Ltd:

Innodis Group Ltd, a public listed company founded in 1973, averages an annual turnover of almost MUR 4 billion. It is presently one of the largest groups involved in food and non-food production and distribution in Mauritius.

With over 40 years of experience and driven by a workforce of some 1,400 individuals, they currently service more than 3,500 outlets (hypermarkets, supermarkets, corner shops, food chains and hotels) across the island.

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