ED and F Man

Article Abstract:

ED and F Man reported a drop in profit for the six months to Sep 30 1996 due to cocoa losses and a poorer performance for sugar which saw a drop in pre-tax profit of 22% for this period. Profit from alcohol and molasses increased to 4.1 million pounds from 3.4 million pounds in this period. The company's cocoa business reported a loss of 4.5 million pounds, while commodities brokerage increased to 5.9 million pounds from 5 million pounds. The company's profit is forecast at 82 million pounds for full-year 1996 to 1997.

Commodity brokers, ED and F Man

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Adding value to raw materials

Article Abstract:

Ghana aims to reduce the proportion of raw materials exported and increase added-value exports. West African Mills (WAMCO) has been privatized and is seeking to increase cocoa butter exports to 20,000 tons in 1996 compared with 16,000 tons in 1995. The company is also investing in the production of cocoa liquor. A state-owned cocoa processing plant in Tema, Ghana, is to be privatized. Meanwhile, Pioneer Food Cannery cans tuna fish and has also set up JVs with Ghanaians.

Chocolate and Confectionery Manufacturing from Cacao Beans, Food & Kindred Products, Food Manufacturing, FOOD AND KINDRED PRODUCTS, Chocolate and cocoa products, Cocoa Butter, Economic aspects, Food industry, Ghana, Cocoa industry

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E.D. and F. Man: technical foul

Article Abstract:

E.D. and F. Man holds a 16% stake in the world market for sugar and this market is growing. The company's share price has not performed well and this is partly because employees and former employees held 40% of the stock following a flotation in 1994. There is concern that employees could sell too easily if the price of the shares rises. The shares are seen as undervalued by stockbrokers but the liquidity problem has to be tackled if the share price is to rise.

AGRICULTURAL PRODUCTION--CROPS, Agriculture, Forestry, Fishing, Agriculture, Forestry, Fishing and Hunting, Sugar industry, E D and F Man Cocoa Ltd.

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