Innscor's revenue breaches $1bn mark

Diversified Industrial conglomerate, Innscor Africa Limited defied the challenging economic environment and reported a surge in profitability for the year to June 30, 2019, on good product mix and vol...

By Staff reporter | Published: 30 September 2019


Forex shortage: Innscor looks within

DIVERSIFIED group, Innscor Africa Limited says it is now leveraging on its domestic fast-moving consumer goods line to cushion itself from high foreign currency requirements. The company said although...

By Staff reporter | Published: 19 December 2018


Forex woes hit Innscor

INNSCOR Africa Ltd says it is now leveraging on its domesticated fast-moving consumer goods lines to cushion itself from high foreign currency requirements.The diversified group, which requires betwee...

By Staff reporter | Published: 07 December 2018


Forex shortages, inflation weigh on Innscor

Diversified Industrial group, Innscor Africa Limited says gross profit margins during the first quarter of the 2019 financial year remained under pressure due to foreign currency and inflationary pres...

By Staff reporter | Published: 06 December 2018


Innscor snaps up News Café and Ocean Basket

Innscor Africa has snapped up News Café and Ocean Basket franchises from investor and restauranteur Shingi Munyeza. Munyeza said that he had sealed a deal with Innscor Africa, but would not be drawn ...

By Staff reporter | Published: 01 June 2018


Innscor revenue down 2% in H1 on avian outbreak

Innscor Africa Limited lost 2% or $6 268 952 in revenue during the group's six months ended December 31, 2017, period due to the avian influenza epidemic that affected its Irvine's subsidiary.However,...

By Staff reporter | Published: 16 March 2018


Innscor's quarterly revenue down

Diversified industrial conglomerate Innscor Africa Limited's revenue for the first quarter of financial year 2018 was marginally lower compared to same period in the prior year on the back of a mixed ...

By Staff reporter | Published: 07 December 2017


Innscor profit rise 11% to $34 million

LIGHT manufacturing group, Innscor reported an 11 percent increase in net income to $33,69 million in the full-year to June, from $30,48 million in the prior year on cost savings.Revenue dropped to $5...

By Staff reporter | Published: 28 September 2017


Innscor unbundling forges ahead

Innscor Africa Limited (Innscor) has tasked its executive director for corporate finance, John Koumides, to lead an advisory committee implementing the separate listing of the group's fast-food busine...

By Staff reporter | Published: 24 June 2015


Innscor's bread sales improve

Innscor Africa Limited's bread making subsidiary, Baker's Inn, has recorded a 36 percent increase in sales volumes to 340 000 driven by price reductions.Chief executive Mr Toni Fourie said the jump in...

By Staff reporter | Published: 24 June 2015


CAPRI commissions $12m plant

A local refrigeration manufacturer, CAPRI has commissioned a $12 million plant that is expected to help boost capacity utilisation to 100 percent with immediate effect.The company's product availabili...

By Staff reporter | Published: 22 June 2015


Ex-Lobels boss joins Innscor

Former Lobels chief executive - Ngoni Mazango - has joined rivals Innscor Africa Limited (Innscor) as chief operating officer for its bakery division, Business Live has established.Mazango, a seasoned...

By Staff reporter | Published: 21 June 2015


Innscor challenges $2,5m CTC penalty

Listed diversified group Innscor Africa Limited (Innscor) is challenging the Competition and Tariff Commission (CTC)'s decision to fine it over $2, 5 million for unproceduraly increasing its stake in ...

By Staff reporter | Published: 07 June 2015


Innscor pours $1,5m into southern region expansion

INNSCOR'S fast foods division will in the next 12 months spend more than $1,5 million on expanding its operations in the southern region, a development expected to boost employment levels.The division...

By Oliver Kazunga | Published: 29 July 2014


Innscor to retrench Bulawayo employees

FAST-FOODS group Innscor Africa has informed its workforce that it would be retrenching its warehouse, distribution and administration section employees in Bulawayo citing viability challenges.The ret...

By Staff reporter | Published: 22 July 2014


Innscor dangle voluntary exit carrot

Fast foods group, Innscor Africa is dangling a handsome voluntary retrenchment package to its bakery unit employees in a bid to trim down wage bill and operating costs.This comes amid growing frustra...

By Zim Mail | Published: 01 April 2014


TV Sales outperforms

Zimbabwe Stock Exchange-listed conglomerate, Innscor Africa Limited's TV Sales division outperformed the group's key bakeries and fast foods segments after its revenue for the six months ended Decembe...

By Staff reporter | Published: 20 March 2014


Overheads, environment affects Innscor

LISTED retail conglomerate Innscor Africa Limited's top line vaulted by 55,4 percent in the interim to December 2013, but the difficult operating environment  and huge overheads took the gloss of...

By Business Reporter | Published: 10 March 2014


Innscor to consolidate bakery operations

Diversified group Innscor Africa Limited plans to consolidate its bakery operations in Harare due to a decline in demand.Innscor board chairman David Morgan said bread production would be done at th...

By Staff reporter | Published: 06 March 2014


Innscor changes share transfer secretaries

ZSE-listed Innscor Africa Limited has transferred its share transfer secretarial services to Corpserve Registrars Limited.The change is with effect from March 1 2014. A share transfer secretary is res...

By Staff reporter | Published: 05 March 2014


Fast foods outlets face stiff competition

Competition in the fast food retail business is intensifying as established brands aggressively roll out branch network expansion projects. New players in the fast food business are adopting innovativ...

By Staff reporter | Published: 27 January 2014


Innscor denies it is moving to Mauritius

Innscor Africa Limited has dispelled claims that it wants to relocate to Mauritius where the company has been in operation for over 16 years. Innscor group chief executive officer John Koumides told j...

By Staff reporter | Published: 27 January 2014


Innscor's empowerment plan approved

Innscor Africa Limited's shareholders approved the company's Indigenisation Implementation Plan at an EGM held earlier today.Group Chief Executive John Koumides told the meeting that in order for the ...

By Staff reporter | Published: 24 January 2014


Innscor helps Industrials close year firmer

Conglomerate Innscor extended gains on Tuesday to help ZSE Industrials close the year in the positive.Industrials gained 0.87 points or 0.43% to 202.12 with gains in blue chips Innscor and Old Mutual...

By Staff reporter | Published: 16 January 2014


Kaukonde set to increase Innscor shareholding

ZANU-PF's Mashonaland East provincial chairperson and businessman Ray Kaukonde is set to increase his shareholding in Innscor Africa as part of the group's indigenisation plan.Through his investment ...

By Staff reporter | Published: 16 January 2014

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