The country’s sole sugar producer, Illovo (Sugar) Malawi Limited has admitted it is currently controlling the supply of the commodity on the market, the development that has created sugar scarcity. Since last month, the country has been experiencing acute shortage of sugar, forcing some wholesale and retail sellers to hike the commodities’ selling price. As […]
Illovo Sugar Malawi continues to enjoy the limelight at the Malawi Stock Exchange (MSE) with demand for its shares increasing and pushing up its share price by 8.3%. Last week Illovo shares added K10 each to increase to K130. This is the second consecutive week for Illovo’s shares to gain at a time when demand […]
The recent six months results by Illovo which recorded an operating profit of K5.7 billion has led to the company’s shares gaining K10 each on the stock market. Illovo said its revenues have grown and reflect the company’s ability to take advantage of premium prices currently on offer within its regional markets. However, it said […]
UNAUDITED results for Illovo Sugar Malawi show that its operating profit for the half year to September reflects modest growth over the corresponding period for the previous year, totalling K5.7 billion. This is an increase of 3.6 percent. Illovo said revenues have grown and reflect the company’s ability to take advantage of premium prices currently […]