ILLOVO SUGAR (MALAWI) LIMITED |
End-of-day quote
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| - MWK | - |
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| 31/05 | Illovo Sugar plc Reports Earnings Results for the Half Year Ended February 29, 2024 | CI |
| 2023 | Illovo Sugar plc Reports Earnings Results for the Full Year Ended August 31, 2023 | CI |
Business Summary
- sugar (97.1%): 264,1 Kt produced in 2022/23;
- other (2.9%): in particular molasses.
At the end of August 2023, the group had 2 production sites located in Malawi.
Net sales are distributed geographically as follows: Malawi (92.3%), Africa (2.8%), the United States (4.4%) and Europe (0.5%).
Sales per Business
| MWK in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Cane Growing
51.1
%
| 77,553 | 41.6 % | 139,217 | 51.1 % | +79.51% |
Sugar Production
48.9
%
| 109,089 | 58.4 % | 133,240 | 48.9 % | +22.14% |
Sales per region
| MWK in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Malawi
92.3
%
| 156,712 | 84.0 % | 251,418 | 92.3 % | +60.43% |
United States
4.4
%
| 3,216 | 1.7 % | 12,096 | 4.4 % | +276.12% |
Africa
2.8
%
| 17,782 | 9.5 % | 7,739 | 2.8 % | -56.48% |
European Union
0.4
%
| 8,932 | 4.8 % | 1,204 | 0.4 % | -86.52% |
Managers
| Managers | Title | Age | Since |
|---|---|---|---|
Lekani Katandula
CEO | Chief Executive Officer | 48 | 01/15/01 |
Kondwani Msimuko
DFI | Director of Finance/CFO | 40 | 01/21/01 |
| Compliance Officer | 57 | 01/17/01 | |
| Director/Board Member | 35 | 01/18/01 |
Members of the board
| Members of the board | Title | Age | Since |
|---|---|---|---|
Ami Mpungwe
BRD | Director/Board Member | 72 | 01/06/01 |
Gavin Dalgleish
BRD | Director/Board Member | 57 | 01/11/01 |
Jimmy Lipunga
CHM | Chairman | 60 | 19/21/19 |
Lekani Katandula
CEO | Chief Executive Officer | 48 | 01/15/01 |
| Director/Board Member | 52 | 22/22/22 | |
Ravi Savjani
BRD | Director/Board Member | 35 | 18/18/18 |
| Director/Board Member | 35 | 01/18/01 | |
Andre Lubbe
BRD | Director/Board Member | 61 | 01/20/01 |
Kondwani Msimuko
DFI | Director of Finance/CFO | 40 | 01/21/01 |
Share class
| Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
|---|---|---|---|---|---|
| Stock A | 1 | 713,444,000 | 148,430,859 ( 20.80 %) | 0 | 20.80 % |
Company contact information
Sector
Sales per Business
Sales per region
| 1st Jan change | Capi. | |
|---|---|---|
| -1.27% | 3.13B | |
| -3.62% | 1.86B | |
| -0.51% | 1.85B | |
| -9.88% | 1.1B | |
| +2.85% | 1B | |
| -3.29% | 967M | |
| -18.83% | 936M | |
| -1.76% | 876M | |
| -9.24% | 722M |
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- Company Illovo Sugar (Malawi) Limited
