Archived Articles

May 28, 2015 Sugaronline | http://goo.gl/Af7pbA

The Fiji Sugar Corporation's liabilities exceed its current assets by F$225.4 million (US$109 million), its 2014 annual report released at the company annual general meeting in Lautoka Thursday revealed, according to the Fiji Times.

Independent auditors BDO Chartered Accountants also reported that the corporation…

May 27, 2015 Sugaronline | http://goo.gl/2KlO9F

The Privatisation Commission is within six weeks expected to start consultations with all stakeholders regarding the privatisation of five State owned sugar companies, according to Kenya's Capital FM.

The commission's chairman Henry Obwocha says the meetings will mainly involve county governments and sugar cane…

May 27, 2015Sugaronline | http://goo.gl/IJ0r3R

Strains on Mackay's sugar industry continue as farmers prepare to harvest a cane crop that could be down 12% from last year, according to Australia's Daily Mercury newspaper.

Mackay Area Productivity Services chief executive office John Agnew said yellow canopy syndrome and the dry season dealt the industry serious…

May 26, 2015Sugaronline | http://goo.gl/smXJIW

Tongaat Hulett Ltd. and Illovo Sugar Ltd., Africa's two largest producers of the commodity, said a drought in South Africa and a low international sugar price caused earnings to drop in the last financial year, according to Bloomberg.

Tongaat's operating profit declined 12% to ZAR2.1 billion (US$176 million) in the…

May 26, 2015Sugaronline | http://goo.gl/IRM8y2

MSM Malaysia Holdings Bhd registered a 26% increase in net profit for 1Q15 to MYR71.03 million (US$19.5 million) from MYR56.33 million in its previous corresponding quarter, according to The Edge Markets.

Revenue was slightly up as well, gaining 2.05% to MYR508.49 million from MYR498.26 million a year ago.

In a…