Latest news with #FoodIndustry
Yahoo
12 hours ago
- Business
- Yahoo
Tiger Brands First Half 2025 Earnings: EPS: R15.08 (vs R8.47 in 1H 2024)
Revenue: R18.5b (up 1.9% from 1H 2024). Net income: R2.35b (up 77% from 1H 2024). Profit margin: 13% (up from 7.3% in 1H 2024). EPS: R15.08 (up from R8.47 in 1H 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Food industry in South Africa. Performance of the South African Food industry. The company's shares are up 9.2% from a week ago. Be aware that Tiger Brands is showing 2 warning signs in our investment analysis and 1 of those can't be ignored... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Borneo Post
2 days ago
- Business
- Borneo Post
State leaders extend Gawai Dayak invitation to Sarawak Governor
Wan Junaidi and Fauziah pose with the main organising committee for the 2025 State-Level Gawai Dayak Celebration during the courtesy visit. – Photo from Astana Negeri Sarawak photo KUCHING (May 29): The Yang di-Pertua Negeri Tun Pehin Sri Dr Wan Junaidi Tuanku Jaafar and his wife Toh Puan Datuk Patinggi Fauziah Mohd Sanusi, received a courtesy visit today from the Main Organising Committee for the 2025 State-Level Gawai Dayak Celebration. The delegation, led by Deputy Premier and chairman of the 2025 State-Level Gawai Dayak Celebration Committee, Datuk Amar Douglas Uggah Embas, arrived at Astana Negeri at 9.30am. Uggah was accompanied by his wife, Dato Doreen Mayang. The visit aimed to extend an official invitation to Wan Junaidi and Fauziah to attend the Gawai Dayak 2025 Open House celebration on June 1 and the 2025 State-Level Gawai Dayak Dinner on June 2. Both events will be held at the Borneo Convention Centre Kuching (BCCK). Accompanying Uggah were State Minister for Food Industry, Commodities and Regional Development Dato Sri Dr Stephen Rundi Utom; Deputy State Minister for Infrastructure and Port Development Dato Majang Renggi; and Minister in the Premier's Department of Sarawak Dato Sri John Sikie Tayai. Others in attendance included Deputy Minister in the Premier's Department (Labour, Immigration and Project Monitoring) Datuk Gerawat Gala; Deputy State Minister for Public Health and Housing Datuk Dr Penguang Manggil; Deputy State Minister for Education, Innovation and Talent Development Datuk Francis Harden Hollis; Deputy State Minister for Utility and Telecommunication Datuk Liwan Lagang; and Deputy State Minister for Transport Dato Henry Harry Jinep. Also joining the visit was Unit for Other Religions (Unifor) director Dato Georgina Apphia Ngau. Wan Junaidi expressed his appreciation and gratitude to the Main Organising Committee for their efforts in organising the 2025 State-Level Gawai Dayak celebration, describing it as an important festive event and a meaningful platform to foster unity among the multi-ethnic community, while also uplifting the culture and heritage of the Dayak people in Sarawak. He expressed hope that the upcoming events would run smoothly and bring benefit to the people, particularly in strengthening the spirit of goodwill and togetherness that form the foundation of harmony in the state. 2025 State-Level Gawai Dayak Celebration Wan Junaidi
Borneo Post
4 days ago
- Business
- Borneo Post
Sarawak records 8.6 pct rise in palm oil FFB production this year
Dr Rundi holds up the text of his ministerial winding-up speech. – Photo by Roystein Emmor KUCHING (May 27): Sarawak has produced 4.85 million tonnes of oil palm's Fresh Fruit Bunches (FFB), marking an 8.6 per cent increase compared to 4.47 million tonnes in the same period last year, said Dato Sri Dr Stephen Rundi Utom. The Food Industry, Commodity and Regional Development Minister added that Crude Palm Oil (CPO) production also rose by 3.7 per cent to 0.91 million tonnes. 'However, the production of Crude Palm Kernel Oil (CPKO) has recorded a 7.8 per cent decrease, from 86,530 metric tonnes to 79,762 metric tonnes,' he said during his ministerial winding-up speech at the State Legislative Assembly (DUN) sitting yesterday. Dr Rundi highlighted that Sarawak's average FFB yield increased to 3.32 metric tonnes per hectare in the first quarter of 2025, compared to 3.08 metric tonnes in 2024. He revealed that the Oil Extraction Rate (OER) from January to March 2025 recorded a declining trend, achieving 18.9 per cent, which is lower compared to 19.7 per cent during the same period in 2024. 'Similarly, the OER for CPKO declined from 45.8 per cent to 44.5 per cent during this period. 'The decline was primarily due to the adverse impact of heavy rain, flooding, and ongoing replanting programme,' he added. Dr Stephen Rundi Utom DUN sitting fresh fruit bunches oil palm
New Straits Times
4 days ago
- Business
- New Straits Times
Sarawak needs 260,000 metric tonnes of rice by 2030 to meet domestic demand
KUCHING: Food Industry, Commodity and Regional Development Minister Datuk Seri Dr Stephen Rundi Utom said the state will need to produce around 260,000 metric tonnes of rice to meet domestic demand by 2030. By that year, the state's population is projected to reach about 3.2 million people, he said. "Therefore, my ministry, together with relevant agencies, is actively identifying suitable state land to be developed specifically for padi cultivation, to meet domestic demand," he said during his winding-up speech at the Sarawak Legislative Assembly today. He said that as of this month, a total of 11,700ha has been identified for large-scale padi cultivation in the Kuching, Serian, Sri Aman, Kapit and Limbang divisions. He said the state Drainage and Irrigation Department (DID) is preparing documents to conduct a Light Detection and Ranging (LiDAR) survey to obtain topographic data. The survey is expected to be completed by the fourth quarter of 2025. Dr Rundi said his ministry will continue identifying additional suitable state land, with the goal of expanding dedicated padi cultivation areas to at least 3,300ha by the end of 2025. He said his ministry is also actively exploring the development of infrastructure on native customary rights (NCR) land to support the expansion of paddy cultivation areas. He said that since the beginning of this year, the ministry has identified 28 potential NCR land sites across Sarawak, covering a total area of 9,700ha. However, he said developing NCR land requires careful negotiation and strong community involvement, adding that such engagement is crucial to ensure development moves forward with the full consent and collaboration of landowners. "To date, we have successfully conducted 24 dialogues and outreach sessions involving approximately 1,200 participants across Sarawak. "Besides intensifying expansion through large-scale paddy cultivation, my ministry also actively promotes small-scale padi cultivation, especially within DID's existing paddy schemes. "According to recent agricultural statistics, the number of registered padifarmers has dropped significantly from approximately 72,800 in 2022 to 48,000 in 2024," he said, urging farmers in Sarawak to actively participate in padi cultivation. He also called on the younger generation in Sarawak to embrace modern and efficient farming methods for padi production. He said his ministry will continue to introduce high-yielding varieties, promote the adoption of modern farming techniques, and help farmers implement best practices in agriculture, including the use of new technologies and sustainable farming methods. "By growing our own rice, we will fulfil our own consumption needs," he said, noting that self-reliance is crucial in safeguarding family food security and ensuring that future generations have sufficient, fresh and quality rice to eat. He said Sarawak imported around 192,000 metric tonnes of rice valued at RM511 million last year.
The Star
4 days ago
- Business
- The Star
S'wak expanding cultivation areas to tackle rice production shortfall
State Food Industry, Commodity and Regional Development Minister Datuk Seri Dr Stephen Rundi delivering his winding-up speech at the Sarawak Legislative Assembly on Tuesday (May 27). KUCHING: Sarawak plans to expand padi cultivation areas as part of efforts to increase its rice self-sufficiency level (SSL), says Datuk Seri Dr Stephen Rundi. The state Food Industry, Commodity and Regional Development Minister said Sarawak would require 260,000 tonnes of rice to meet domestic demand by 2030, when the state's population was projected to reach 3.2 million. However, he said rice production dropped from 71,000 tonnes in 2023 to 51,000 tonnes last year, with a corresponding decrease in SSL from 32% to 21%. "This shortfall forced Sarawak to import around 192,000 tonnes of rice, valued at RM511mil," he said when winding up matters related to his ministry at the Sarawak Legislative Assembly on Tuesday (May 27). To achieve rice SSL, Dr Rundi said his ministry would boost rice production through expansion of padi cultivation areas, improving productivity and collaboration with the private sector. He said 11,700ha of state land had been identified as of this month for padi cultivation. "To date, eight project areas under state land have been approved for development by the Sarawak Paddy and Rice Board task force covering a total of 2,000ha in Kuching, Serian, Sri Aman, Kapit and Limbang. "Moving forward, my ministry will continue to identify additional suitable state land to expand dedicated cultivation areas to at least 3,300ha by the end of this year," he said. Dr Rundi also said the state Agriculture Department was facilitating the development of the Stumbin paddy seed farm in Sri Aman to produce certified padi seeds locally. While waiting for the seed farm to be in production, he said Sarawak would source certified seed from Peninsular Malaysia and overseas, with stringent enforcement of biosecurity rules and regulations. In addition, he said the ministry would continue to conserve Sarawak's traditional rice varieties, which were culturally significant and recognised for their health benefits and excellent eating quality. "Efforts are ongoing to conserve their germplasm to ensure they are protected and can be sustainably used for future generations. "With the right infrastructure and adoption of good agricultural practices, these varieties have the potential to yield up to 3.5 tonnes of padi per hectare," he said. He added that traditional rice varieties could also fetch premium prices because of their unique characteristics and growing market demand, providing higher income potential for local farmers.
