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Clover’s FY17 earnings fall after record performance of 2016

By: Natasha Odendaal     12th September 2017 The shine of delivering historic record high earnings in 2016 has faded as consumer goods and beverages group Clover’s latest full-year earnings have been hurt by the prolonged drought, a wetter and cooler summer and rand volatility. The year ended June 30, had been characterised by the negative... 

Clover’s DFSA board appointments announced

By: Natasha Odendaal     6th July 2017 JSE-listed Clover Industries on Thursday announced that an initial board has been selected for its newly established wholly owned subsidiary Dairy Farmers of South Africa (DFSA). Dirk Reyneke has been named independent nonexecutive director and chairperson, with Louis Botha taking the reins as... 

Difficult trading conditions dull Clover’s H1 financial performance 

By: Natasha Odendaal     1st March 2017 As branded consumer goods and beverages group Clover Industries works its way through muted trading and economic conditions, the JSE-listed group is progressing a number of strategies to set it back on a growth path. Unpacking the lacklustre financial results for the half-year ended December 31,... 

Restructure, low-margin business exit a positive move, Clover assures shareholders

By: Natasha Odendaal     30th January 2017 Dairy producer Clover on Monday moved to reassure shareholders that its restructure and the transfer of its low-margin business will not negatively impact the JSE-listed firm. Clover last month announced the restructuring of its business to develop higher-margin, value-added products in dairy and... 

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