Tag: robin smith

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.

Libstar says Italian food imports for Woolworths have stringent safety measures in place for COVID-19

South African food producer Libstar has reported an annual revenue increase of 2.4 per cent due to its grocery and perishable food division as well as a headline earnings rise of 10.1 per cent, joining CNBC Africa for more on the impact that the coronavirus will have on its sales is Robin Smith, Group Commercial and Financial Director at Libstar.