SEED CO expects a more stable socio-economic environment soon after the elections following what the company described as the familiar uncertainty that marked the run-up to the 2023 general elections.
In a trading update for the first quarter ended June 30, 2023, Seed Co predicted that the aftermath of the elections would be more conducive for business and general economic activities.
“Despite these circumstances, the group is well-equipped for the upcoming sales season, both in Zimbabwe and within the broader region.
“The group’s production and processing plans have been strategically planned to accumulate an ideal mix of seed stock varieties to cater to preliminary El Niño forecast scenarios of below normal to normal rainfall,” Seed Co said in the update.
Revenue for the quarter grew by 648 percent and 305 percent when compared to the same period in the prior year in historical and inflation-adjusted terms, respectively.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.