CFI battles tight margins

The recovery in CFI signalled the potential turnaround of a long-troubled investment that had previously been fully impaired after years of cumula­tive losses.

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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