Star Africa bounces back to profitability

STAR Africa Corporation (Star Africa) is evaluating regional export opportunities as improved operational efficiencies and favourable cost structures have strength­ened its competitiveness.

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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