Export incentive buoy Padenga earnings

Export incentive buoy Padenga earnings

By Ndafadza Madanha CROCODILE breeder Padenga holdings recorded a 26 percent in operating profit FY2016 on the back of increased volumes in skin sales and the 5 percent export incentive scheme introduced by the central to support exporters. Addressing an analyst briefing Padenga CEO Gary Sharp said the company had received $1.3m as export incentive. Operating profit was US$12.6m against US$9.9m recorded in 2015 while 47 909 crocodiles were culled representing a four percent increase against the corresponding period. The company which has operations both in Zimbabwe and USA, said…

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