Company Illovo Sugar (Malawi) plc

Equities

ILLOVO

MWILLV010032

Food Processing

End-of-day quote Malawi S.E. 18:00:00 2024-05-02 EDT 5-day change 1st Jan Change
1,355 MWK 0.00% Intraday chart for Illovo Sugar (Malawi) plc 0.00% +7.55%

Business Summary

Illovo Sugar Malawi plc specializes in the production and marketing of sugar. Net sales break down by family of products as follows:

- 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%).

Number of employees: 4,994

Sales per Business

MWK in Million2022Weight2023Weight 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 Million2022Weight2023Weight 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 TitleAgeSince
Chief Executive Officer 48 15-07-31
Director of Finance/CFO 40 21-08-31
Compliance Officer 57 17-06-30
Director/Board Member 35 18-07-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 72 06-09-30
Director/Board Member 57 11-10-31
Chairman 60 21-08-18
Chief Executive Officer 48 15-07-31
Director/Board Member 52 22-02-21
Director/Board Member 35 18-05-17
Director/Board Member 35 18-07-31
Director/Board Member 61 20-01-31
Director of Finance/CFO 40 21-08-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 713,444,000 148,430,859 ( 20.80 %) 0 20.80 %

Shareholders

NameEquities%Valuation
542,084,186 75.98 % 422 M MWK
Old Mutual Investment Group (Pty) Ltd.
10.87 %
77,542,602 10.87 % 60 M MWK
Databank Asset Management Services Ltd.
0.3336 %
2,380,400 0.3336 % 2 M MWK

Company contact information

Illovo Sugar (Malawi) Plc

Illovo House Churchill Road

, Limbe

+

http://www.illovosugarafrica.com
address Illovo Sugar (Malawi) plc(ILLOVO)
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