Dwindling capacity of slaughter-ready animals in Namibia take huge bite in Meatco’s earnings

NAMIBIA – Meat Corporation (Meatco), a state-owned meat processing and marketing entity in Namibia, has reported a loss of N$118 million (US$8.21m) for the year ended January 2021 financial year. The dip in bottom-line performance is due to the dwindling number of cattle slaughtered during the period under review, dropping by 60% heads of cattle. According to reports by The Namibian, the huge slash of slaughtered animals has led to the meat processor earning N$873 million (US$60.75m) in revenue, compared to N1.78 billion (US$123.87m) realized in the previous corresponding period…

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