Libstar joins growing chorus on cost pressure as profit takes a hit
Food producer says rising input prices and power cuts kept a lid on yield growth despite rising revenue
26 February 2023 - 19:05
Libstar, which owns the Lancewood, Goldcrest, and Denny brands, said rising input prices and power cuts kept a lid on profit growth even as revenue increased.
The food producer, which will publish annual results on March 16, also said in a trading update on Friday that earnings will plummet due to impairments and writedowns...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.