Innscor Expects Revenue To Surge

Ongoing strengthening in consumer spending in Zimbabwe continues to be reflected in the headline sales outlooks put forward by some of its leading food and drink companies. Innscor, a snack food producer and food services company, expects its annual sales to grow by about 25% to roughly US$500mn in the year to June 2011. More importantly from a profitability standpoint, it expects to significantly improve its operating margins through the fiscal year as costs are reined in.

To read the full article, please choose one of the following options: