Hippo Valley profit surges to $4 billion

101

HIPPO Valley Estates (Hippo Valley) recorded an inflation adjusted profit of $4,09 billion for the year to March 31, 2022, a 38 percent increase from $2,96 billion in the prior year driven by a “positive market and product mix”. The sugar producer’s adjusted EBITDA declined by 49 percent to $3,1 billion from $6,1 billion, owing…