Samba Foods Limited, a wholly Ghanaian owned food processing and preservation company, recorded impressive sales last year despite the effect of the lingering COVID-19 pandemic on its activities.
Sales of the company rose by 57.48 per cent to GH¢1, 059,735 in 2021 from GH¢672, 907 in 2020.
Managing Director of Samba Foods Limited, Dr. Mrs Leticia Osafo-Addo, disclosed this during her outfit’s turn at the Facts behind figures series of the Ghana Stock Exchange (GSE).
She noted that the increase in sales within the period under review shows a massive improvement over the previous years.
The Managing Director indicated that, the company remains committed to its turnaround strategy to return the company to profitability and to be a leading player in the food processing and preservation industry in Ghana.
Dr. Mrs. Leticia Osafo-Addo, announced that Samba Foods Limited is expected to produce over 2,500,000 sachets of sauce and spices to meet the growing demand for the year 2022.
She said if the company is able to receive the required amount of support and investment from the government and the public, Samba Foods Limited will make a significant footprint both within and outside Ghana.
She also indicated that, the company is up to the task to train the teaming youth in food processing and preservation.
The Facts behind figures provides opportunity for companies listed on the GSE to present their results to brokers, institutional investors and the general public.
About Samba Foods Limited
Samba Foods Limited is a Ghanaian owned food processing and preservation company, specializing in condiments and seasoning market based in Tema. Samba Foods Limited was incorporated and commenced business in 1993. Samba Foods Limited has developed and produced ready-to-eat convenience foods of Ghanaian origin over the years, and was first to commercialize the production and distribution of the local traditional pepper sauce known as SHITO. The company has grown into a major player in the processed food
industry since 1993 and a member of the Association of Ghana Industries (AGI)