Libstar reports 17.7% decrease in H1 HEPS. Here’s how COVID-19 impacted the business

Food group Libstar has declared a dividend of 25 cents per share for the year ended 2019, despite the group grappling with the COVID-19 related costs of R44 million for its interim period. The group reported headline earnings per share decrease of 17.7 per cent; however its retail and wholesale division saw a 10.7 per cent increase as South Africans spent more time cooking at home during lock-down. Robin Smith, Executive Director at Libstar joins CNBC Africa for more.

Wed, 02 Sep 2020 11:27:28 GMT

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