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Home » Star Africa bounces back to profitability
Companies & Markets

Star Africa bounces back to profitability

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The group posted a profit of ZWG25,6 million compared to a loss of ZWG86,9 million in the prior year which it attributed to improved product supply and reinstatement of duty on imports.
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IMPROVED volume performance and cost cuts enabled sugar producing firm Star Africa Corporation (Star Africa) to return to profitability, shrugging off stiff competition from cheaper imported sugar flooding the local market, the company has said.In its interim results statement for the six months to September 30, 2024, company chairman Rungano Mbire said the group reassessed…

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