While the local economy was hit by the long-standing drought and softer trading conditions, increasing inflation has seen JSE-listed Pioneer Foods increase its group turnover by 5.1% for the four months to January 31, with a 7.6% increase in South African turnover. However, contracting volumes saw its international turnover decline by 10.3%.
Source: www.engineeringnews.co.za
Pioneer Foods feels headwinds from drought, soft economy
Made with by iNCO Creative.