Dairibord Q1 revenue drops

Dairibord Q1 revenue drops

By Ndafadza Madanha DAIRIBORD says revenue for the first quarter was down two percent against the corresponding period FY16 owing to incessant rains that affected the country. Giving a trading update at the company AGM, group CEO Anthony Mandiwanzira said the company had recorded improved profit margins while operating cost were trending lower than the prior year. He said the company’s manning levels were also 10 percent down from December, with US$866 thousand spent on rationalizing costs against a budget of US$1 million. Mandiwanzira was optimistic the reduced overheads and…

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