The listing of Samba Foods Limited on the Ghana Stock Exchange is helping the Ghanaian-owned indigenous food processing and preservation business, which specialises in condiments and seasoning, to steadily progress.

Addressing stakeholders at its First annual General Meeting, Mrs Leticia Osafo-Addo, the Managing Director of the company, said the move had also helped the Company to rebrand, acquire a state of the art plant and machinery and reorganise operations to up their production capacity.

Mrs Osafo-Addo said embracing food safety systems and the validation of product procedures had also contributed immensely to their healthy financial results.

She said that Samba was collaborating with research institutions both in Ghana and abroad to develop new products for the retail and export market, announcing that, "These products will be launched before the end of the year".

The Small-Scale Enterprise is popular for its shito, creamy peanut butter and soft drinks. The company is also into farming and the production of spices.

Mrs Osafo-Addo said the goal of the Company was to become a leading food processing and preservation company in Ghana and the Sub-region. It already exports some of its products.

She said though the company, established in 1993, had faced numerous challenges it had been able to overturn them into huge successes.

The situation, she said, had strengthened the financial position of the Company in accordance with International Financial Reporting Standards (IFRS) and the requirements of Act 179, of the Companies Code, 1963.

She, therefore, expressed appreciation to the stakeholders for the trust they had in the Company and the Board Members and staff of the Company for adding to its success.