The
company has for the third year recorded a decline in turnover – the figures
have dropped from £10.4m in 2010 to £8.2m in 2011 and £7.53m in 2012.
Managing
Director of Divine, Sophi Tranchell, however says the 2013 performance “is a
growth on the year before”.
The
company made a profit of £44,000 and distributing a dividend of £57,000 to
shareholders – Kuapa Kokoo farmers are receiving £24,000 of the amount.
“In the next year, I am glad to say we are seeing an
increase in turnover and a much better margin,” said Ms Tranchell at the 20th
Annual Delegates Conference of Kuapa Kokoo in Kumasi.
She
also stated that Divine Chocolate’s operations in the USA continued to grow but
failed to break even.
“The
team in the USA are working really well together and delivering significant
growth, you can now see Divine Chocolate in thousands of outlets across America
and we are getting very close to break even,” Ms. Tranchell stated.
The
Kuapa Kokoo Farmers Union owns 45 percent shares of Divine Chocolate, which sells
in 12 countries around the world. All chocolate products are made from cocoa
from Kuapa, the biggest cocoa farmers’ organization in the Fairtrade system.
The
farmers’ co-operative delivers more than five percent of Ghana’s cocoa and
approximately one percent of the world’s cocoa.
story by Kofi Adu Domfeh
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