Tough economy harms Zeder’s remaining businesses
Net asset value of agribusiness investment holding company falls 44% after downsizing
Zeder saw a drop in its net asset value (NAV) per share in its annual results as the agribusiness-focused investment holding company downsized and the constrained economic environment weighed on the companies in its portfolio.
This was in part because continuing supply chain constraints led to higher costs and pressure on margins as a lingering effect of the pandemic, according to 2023 results for the year to end-February as the company withheld a dividend...
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