Dairibord swings into loss despite 5% rise in revenue, shadowed by rising costs

ZIMBABWE – Dairibord Zimbabwe Limited (DZL), a leading dairy processor in Zimbabwe has reported a 5% rise in full year revenue for the year ended December 2020 to ZWL$5.2 billion (US$14.3m) from ZWL$5 billion (US$13.8m) reported in 2019. According to reports by News Day, the company’s earnings were boosted by local sales as export revenue was affected by border lockdown restrictions and was lower than the prior year by 6%. Despite the overall rise in earnings, the group’s sales volume was 12.5% below the previous year. The performance was particularly…

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Dairibord eyes bigger dairy market share in Zimbabwe as its Dendairy bid rolls on

ZIMBABWE – Dairibord Holdings Limited (DHL) is still in pursuit of acquiring and merging with fellow Zambian dairy firm Dendairy Private Limited, with the former issuing its 10th cautionary statement indicating that discussions were still ongoing. The planned transaction, according to NewsDay was first announced in July 2020 with DHL seeking to leverage on Dendairy’s strategic investments into production of dairy products and its access to the regional market. “Shareholders are advised that Dairibord Holdings Limited is still in discussion with an unlisted entity Dendairy (Pvt) Ltd for a merger…

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