16 January 2018
   
ED denies stealing ideas from MDC-T
Chair Moyo says 3 VPs MDC-T’s main dilemma
Mujuru’s house nearly seized for Mphoko
Coup reformed CIO, Army, ZRP: Mangoma
Rivals rage as ED govt ‘bribes’ chiefs
Army warned Mugabe faced being lynched
Armed robbers nabbed at Harare lodge
Promotion unmasks O' Levels cheat
MORE NEWS
Minister sells post-Bob Zimbabwe in Spain
Zim investment indaba set for South Africa
MORE BUSINESS
Racism: Malema party storms H&M stores
Donel Mangena rocks The Voice UK
MORE SHOWBIZ
FC Platinun star dumps Zimbabwe champions
France: Referee aims kick at player
MORE SPORTS
ZHUWAO BRIEF: ED-iots and election delay
A candid conversation with Zhuwao: Mawere
MORE OPINION
 
ED govt legitimacy & the church’s role
2018 election: Zim & the wealth card
MORE COLUMNISTS
 
 

Dairibord slips to $2mln loss

09/09/2016 00:00:00
by Source.co.zw
 
 
RELATED STORIES

HARARE: Dairibord has posted a loss of $1,9 million for the six months to June, 2016 from a profit of $317,000 in the comparable period last year.

Revenue slumped by 12 percent to $42,5 million due to pricing pressures.

“The decline was a result of consumer price adjustments made to address affordability and competitiveness against a static volume performance. The average consumer price realised, per litre of product sold, was 11 percent below prior year,” said chairman Leonard Tsumba in a statement on Thursday.

Sales volumes were flat at $37 million.

Dairibord invested $2,4 million in peanut butter processing equipment, cartonised UHT filling equipment and Pfuko capacity expansion.

The peanut butter processing line was commissioned in May and performance of the product has since improved, Tsumba said

The other two plants, which will be commissioned in September, are expected to increase production and boost revenue flow.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker