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Illovo Sugar (Malawi) plc
Private Bag 580, Limbe
Phone: +27 1843988p:+27 1843988 BLANTYRE, Malawi Ticker: ILLOVOILLOVO
Business Summary
Illovo Sugar (Malawi) plc is principally engaged in growing and manufacturing of sugar. The Company operates through two segments: the Sugar production, and the Cane growing. Sugar production is engaged in manufacturing and sale of sugar from sugar cane. Cane growing is engaged in the growing of sugar cane for use in the sugar production process. It has developed agricultural and milling assets at the Dwangwa estate situated in the mid-central region of Malawi at Nkhotakota and at the Nchalo estate in the south at Chikhwawa. The Company also produces syrup, together with a range of downstream products including furfural and furfuryl alcohol, natural flavorings, ethyl alcohol, and lactulose. Its brands include Bwana Sukari, Illovo Sugar Malawi, and Zambia Sugar. The Company sells sugar into the local direct consumption market through its chain of distribution channels and also into the local artisanal and industrial market.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
8/31/20238/31/2022Yes----

Industries
SIC Code Description
2061 Cane sugar, except refining
0133 Sugarcane and sugar beets
4911 Electric services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Chairman of the Board Jimmy K.Lipunga 59 1/24/2023 8/19/2021
Finance Director, Executive Director KondwaniMsimuko 39 9/1/2021 9/1/2021
Compliance Officer, Company Secretary, Legal Council and Head of Corporate Affairs Maureen S.Kachingwe 56 12/1/2019 12/1/2019
12 additional Officers and Directors records available in full report.

General Information
Number of Employees: 4,000 (As of 8/31/2022)
Outstanding Shares: 713,444,000 (As of 8/31/2023)
Shareholders: 2,093
Stock Exchange: MAL
Fax Number: +27 1840761


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Tuesday, April 23, 2024