Fan Milk PLC’s first-quarter profit increased significantly, according to the company.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Fan Milk PLC, the Ghanaian dairy and frozen food producer majority-owned by Danone, has reported a sharp increase in its first-quarter profit, underscoring the company’s operational resilience amid ongoing macroeconomic pressures.

The company posted a net profit of GH¢7.1 million for the three months ending March 2025, up from GH¢3.9 million in the same period last year, a rise of over 80% year-on-year.

The earnings rebound was powered by a 12.8% increase in revenue to GH¢147.1 million, reflecting improved market penetration and a stable pricing environment despite inflationary headwinds.

Cost of sales grew at a similar pace, up 12.4% to GH¢106.2 million, but management’s continued focus on cost containment and operational efficiencies resulted in a 13.8% jump in gross profit to GH¢40.9 million.

Source: newsthemegh.com