Libstar CEO Andries van Rensburg. Picture: SUPPLIED
But the top-line was eaten up by R44m in Covid-19 related costs such as transport and protective equipment, pushing its headline earnings — the primary measure of profit that strips out certain one-off items — 9.1% lower to R101.3m At end-June it had R956.7m in cash, up from R610.3m the same time a year ago. It is also cutting back slightly on capital expenditure.
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MARKET WRAP: Rand weakens as ECB comments halt recent euro rallyThe JSE closed slightly weaker on the day, with banks faring worst, while food producer Libstar lost ground on disappointing interim results
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