Clover, which makes dairy-based foods and beverages, says it will return to profit in the year ending June 2019 after making its first annual loss in more than a decade in the prior year. The group’s share price fell 0.92% to R22.65 on Friday, a one-month low, despite the possibility of delisting from the JSE before it releases its results. Its shareholders have accepted a buyout offer of R25 per share from a consortium led by Tel Aviv-based Central Bottling Company, but the withdrawal by consortium member Brimstone Investments has delayed proceedings. Clover said on Friday it is expected to report headline earnings per share of 203.6c for the year to end-June after recording a headline loss per share of 23.1c in the prior comparative period. The prior year’s loss came after the company wrote off a loan to its then recently unbundled subsidiary, Dairy Farmers of SA. That unbundling forms part of Clover’s bid to branch out into higher-margin consumer goods, such as olive oil and b...

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