Denny mushrooms owner Libstar holds on to cash as earnings drop
Company is unsure if high spending by consumers in the six months to end-June will continue
02 September 2020 - 21:07
Libstar — the maker of Lancewood cheeses, Woolworths hot cross buns and Denny mushrooms — is holding on to cash as it remains unsure how consumers will fare in future months.
The company that provides 9,000, mostly food, products including breads, nuts and baked goods to Woolworths, experienced a 1.9% increase to R4.7bn in sales for the six months to end-June. ..
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