1st Dec 2023 19:47
Agriterra Ltd - company focused on investment and sustainable development in southern Africa - Shares are restored to trading following suspension in early October from the delay of publishing its financial 2023 results. In the financial year that ended March 31, pretax loss narrows to GBP2.2 million from GBP2.4 million. Revenue rises to GBP11.5 million from GBP10.3 million. Says revenue improved due to improvement of grain sales volumes to 17,819 tonnes from 17,094 tonnes, with demand for maize meal higher than previous year. Rising demand lifts prices, Agriterra noted. Looking ahead, says start of financial 2024 difficult due to lack of adequate working capital which affected the current year maize buying season. Read More
