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Home » Natfoods’ sales momentum slows

Natfoods’ sales momentum slows

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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.

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NatFoods recorded a 15 percent increase in volume for the six months period to 304 000 tonnes compared to the prior period.

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