African Business

Fan Milk post GH¢24m profit last year

This is a recovery from a loss of GH¢41.6 million it recorded the previous year. The company’s net assets also increased from GH¢205.1 million as at the end of December 31, 2022 to GH¢229 million in the period under review. During the same period, GH¢7.415 million as against the 2022 figure of GH¢11.704 million was spent on acquiring additional intangible assets and property, plant and equipment to support the company’s operations. Fan Milk Plc manufactures and markets dairy products and fruit drinks in Ghana. The company produces a range of frozen strawberry yoghurts, chocolates, ice cream, snacks, ice lollies and...
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