Dairibord Holdings (Zimbabwe) revenue increases by 11% in Q3 2021

By Published On: October 21st, 2021Categories: Corporate announcement

Dairibord Holdings Limited (DZL.zw) Q32021 Interim Report

OPERATING ENVIRONMENT

The operating environment for the three months to 30 September 2021 was affected by the level 4 COVID-19 lockdown restrictions between 29 June and 07 September 2021, but the impact was not as severe as that experienced in 2020. The widening margin between the official and parallel exchange rate exerted pressure on margins and threatens the positive inflation trend that saw Year-on-Year inflation decline from 659.40% in September 2020 to 51.55% in September 2021.

PERFORMANCE

Raw milk utilised in the quarter was up 7% from Q2 and up 5% over prior year. Cumulative raw milk utilised was 3% ahead of prior year. Milk supply remains constr