Firm crocodile skin prices buoy Padenga

The group recorded an operating profit before depreciation, amortisation, impairment and fair valuation adjustments of $13,9 million, from $12,6 million in 2016.
The group recorded an operating profit before depreciation, amortisation, impairment and fair valuation adjustments of $13,9 million, from $12,6 million in 2016.

CROCODILE skins and meat marketer, Padenga Holdings, has reported a 53 percent increase in profit after tax for the year ended December 31, 2017, buoyed by firming prices.
The group reported a profit after tax of $12,9 million for the period under review, up 52,98 percent from $8,4 million reported in the previous period.

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