NATIONAL Foods Holdings (Natfoods) lost sales momentum during the quarter to March 2022, recording an increase of only three percent relative to prior year due to an expected decline in maize offtake.
In a trading update, the agro-industrial concern said the quarter’s figures were low compared to year-on-year volume growth of 24 percent achieved during the first quarter and eight percent achieved in the second quarter.
Advertisements
NatFoods recorded a 15 percent increase in volume for the six months period to 304 000 tonnes compared to the prior period.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased