The company’s profit after tax was up by 43 percent to $9,43 million, from $6,58 million in the comparative period.
NATIONAL Foods Holdings Limited board chairman, Todd Moyo, has expressed concern over the Grain Marketing Board’s (GMB) participation in the local commercial maize meal market. This is premium content. Subscribe to read article.
National Foods last week published its financial results for the six months ended December 31, 2017.
In a statement accompanying the financials of the listed conglomerate, Moyo said the profit margins of the company’s maize milling division improved somewhat during the period under review, notwithstanding competition from GMB, which the company feels is inappropriate.Subscribe to The Financial Gazette