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Home » CFI battles tight margins
Companies & Markets

CFI battles tight margins

written by Almot Maqolo, Staff Writer 0 comments
The company’s topline amounted to ZWG724,62 million in the first quarter, up from ZWG613,7 million in the comparative period.
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Agro-industrial firm CFI Holdings (CFI) says its margins remain under immense pressure due to unfavorable pricing on the formal retail space compounded by higher prices for raw materials.Government regulations for players in the formal sector to adhere to a heavily discounted official exchange rate hemorrhaged the group’s earnings.In its first quarter ended December 31, 2024…

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