Food specialist Libstar’s results for the 12 months ended December 2018 has put the company in good stead. Revenue rose 12.5% to R9.9 billion, with organic revenue up 5.1%, bolstered by the launch of Lancewood branded dairy products. The company also declared a maiden interim dividend of 22c a share. Despite these results, Robin Smith, the CFO, at Libstar explains that the company has a R42 million impairment in its smaller dairy businesses.
Read more: Food group Libstar shares surge, dividend eclipses earnings drop
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