Taste Holdings first-half loss widens

PUBLISHED: Fri, 13 Oct 2017 06:56:39 GMT

Taste Holdings says it remains bearish about a material sales recovery in the next six months and that it will continue to invest in marketing expenditure and enhancing the customer value proposition. Taste reported its interim results saying that revenue was down 9 per cent to R483 million and operating profit also took a dive to R73 million from loss of R41 million. Loss attributable to equity holders widened to R66 million versus loss of R34 million. Carlo Gonzaga, Taste Holdings CEO joins CNBC Africa for more.