Breaking News


Fan Milk Ghana Rises Most in Six Months on Profit: Accra Mover

Fan Milk Ltd. (FML), a maker of ice cream and frozen yogurt in Ghana, rose the most in almost six months as profit increased in the first quarter through March.

The shares rose 2.3 percent, to 2.23 cedis as of 1:34 p.m. in Accra, the capital, the biggest gain since Nov. 2.

Fan Milk’s net income rose 26 percent from a year earlier to 6.5 million cedis ($3.5 million) in March as revenue advanced to 35.7 million cedis from 25.5 million cedis, the Accra-based company said yesterday.

To contact the editor responsible for this story: Antony Sguazzin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.