HONEYWELL FLOUR:WHEN CAPACITY BUILDING AND AGGRESSIVE MARKETING DRIVES GROWTH
The manufacturer and marketer of wheat based products like flour, semolina, whole wheat meal, noodles and pasta recently released its earnings report for six months ended September 30, 2017,in line with its post-listing requirements, which would allow investors assess its state of health, while planning their investments. The result which came slightly earlier, when compared to that of 2016, was impressive, beating market and analysts estimates, despite the challenges that militated against the country’s manufacturing sector under review and continues to negatively impact operating costs. Noteworthy among these costs are: poor power supply, among other infrastructure problems bad roads continue to threaten bottom line of operators in the system. The impact of these factors may however have been mitigated in the period under review as reflected in the average improvements in productivity with the Purchasing Management Index (PMI)rising continuously above 50 points for t...