Mounting costs squeeze Hippo’s profits

Advertisements Zimbabwe Stock Exchange (ZSE) listed sugar processor Hippo Valley Estates (Hippo) is feeling the pinch from the escalating operating costs that are significantly squeezing profit margins further compromising its financial performance.The group, just like its peers in the agro-manufacturing industry is grappling with inflationary pressures and currency mix dilemmas, amid calls by industry captains…

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