National Foods posts solid results

NATIONAL Foods posted a solid set of results for the year ended 30 June 2014 on the back of an increase in volumes sold during the period under review.

The group which is one of Zimbabwe’s largest manufacturers and marketers of food products, delivered revenue growth of 11% on an increase in volumes sold of 8% compared to the previous financial year.

The group’s margin grew fractionally to 23% despite reviewing pricing in order to remain competitive while it also recorded a non-recurring profit of $1,5 million realised primarily on the disposal of some assets.

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