Milking Growth

BMI has been putting forward a strong consumer view on Ghana, with its food and drink industry emerging as arguably West Africa's most promising in the long term. The latest earnings figures released by leading Ghanaian dairy company Fan Milk emphasise the scale of top line growth opportunities potentially on offer to established consumer goods companies as the fruits of breakneck economic growth continue to kick in. Coming off net income of GHS15.16mn (US$10.62mn) in FY09 (ending December 2009) and earnings growth of 21% year-on-year (y-o-y) in Q110, Fan Milk expects bottom line FY10 growth of 20% y-o-y.

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