Fan Milk PLC, a dairy and beverage firm within the nation, final 12 months recorded robust income development and doubled its web revenue.
The corporate’s web revenue in 2024 soared to GH¢49.4 million from GH¢24.0 million in 2023.
The Managing Director (MD) of Fan Milk PlC, Lionel Parent, disclosed this in Accra on Wednesday throughout the firm’s flip of the Reality-Behind-the-Figures sequence organised by the Ghana Inventory Trade (GSE) for listed firms.
He stated within the first quarter of 2025 and that of the complete 12 months of 2024, the corporate recorded a year-on-year income and web development of 51 per cent.
He stated the robust development final 12 months was pushed by “Our distribution community, with 800 web brokers, 21 key distributors and almost 7,000 distributors stays the spine of our development, guaranteeing nationwide product availability.”
Mr Guardian stated the corporate’s core merchandise – Fanyogo, Fanhoco, and Fanice was continued to drive the expansion of the company.
“This 12 months, the journey continues to be to maintain doing that whereas taking a look at rising our yoghurt class, l” Mr Guardian stated.
He indicated that greater than 80 per cent of the corporate’s income was generated by its distributors throughout the nation
“We’re partaking them extra to be sure that we’re on prime of this 80 per cent of our enterprise. Once more, we preserve educating them to allow them to improve their carrying patterns. Some have been upgraded to grow to be brokers. So, it was a acutely aware effort by handlement to improve them from being avenue distributors to grow to be brokers,” Mr Guardian said.
He pledged that Fan Milk PLC would proceed to reworking distributors into enterprise house owners.
In 2024, he stated the corporate sponsored 10 avenue distributors to transition into full-time brokers in a strategic transfer to create sustainable jobs inside its worth chain.
The initiative, the MD stated was a part of the corporate’s ‘Challenge Sankofa,’ to reignite the joy related to Fan Milk merchandise over the previous 65 years.
Bearing on the outlook for 2025, Mr Guardian stated “As we celebrate our sixty fifth anniversary in 2025, Fan Milk is poised for development.
“The subsequent section of our Challenge Sankofa will deepen our concentrate on the outside channel, whereas Challenge Kilimanjaro will develop our chilly chain to assist rising demand,” the MD stated.
Mr Guardian emphasised that the operational priorities for this 12 months embrace power effectivity by way of capital expenditure tasks reminiscent of boreholes and recruiting expertise to maintain the momentum of the corporate.
The Deputy MD of the GSE, Mr Frank Berle, counseled Fan Milk PLC for its sterling performance.
He stated the presentation by Fan Milk PLC had given the market a broader understanding of the efficiency of the corporate.
Mr Berle urged company our bodies to make use of the Accra bourse to lift capital to finance their enterprise.
BY KINGSLEY ASARE
