Innscor’s protein unit records varied volumes performance in HY2020

  • Colcom volumes dropped 17%
  • Pig production saw a 7% growth
  • Irvine’s table eggs registered a 26% volumes growth while frozen chicken slumped by 14%

Harare – Innscor Africa Limited’s protein division saw a varying volumes performance in the six months ended 31 December 2019.

The division comprises of Colcom, Irvine’s, Associated Meat Packers (AMP) and the Texas Meats and Texas Chicken branded store network.

Colcom, which comprises of Triple C Pigs, Colcom Foods and Simon’s Pies experienced a 17% decline in overall sales volumes except for the fresh category which continued to show good volume growth in the period under review.

Pig production grew by 7% from the comparative period with almost 50 000 animals processed during the period under review, a result of the combination of additional pig site which came online during the course of the previous financial year and also from improved genetics and production efficiencies achieved across all herds.

Improvement in pig genetics represents an exciting area of future volume growth for the business and this is expected to result in continuing enhancements in overall production efficiencies.

Irvine’s registered a 26% volume growth in table eggs in the period under review with the volumes achieved being an all-time high for the business.

Frozen chicken volumes were however 14% behind the comparative period while day-old chicks volumes declined by 34% due to the reduction of operations by small-scale farmers in response to current economic conditions and diminished crop yields.

Notwithstanding lower local demand for day-old chicks, production levels of hatching eggs will be maintained at normal levels with surplus volume being exported to neighbouring regional territories.

AMP Group’s volumes sold during the period under review were 23% above those recorded in the comparative period.

Volume performance was driven by the continued growth of the retail network which saw the opening of the first Texas Meat Market outlet in Bulawayo, a concept which is a one-stop protein shopping experience with further outlets planned in other major centres in the period ahead.

In line with the expansion in retail, further upgrades and enhancements continued at the Zimnyama business, and the operation recently achieved export status, opening up exciting sales opportunities to adjacent regional markets.

Equity Axis News


Please enter your comment!
Please enter your name here