The late onset of the rainy season and unfavourable weather conditions are some of the reasons behind Seedco’s 24% volumes drop in the 9 months leading to 31 December 2019, Business Times reports.
This was revealed in the company’s financial results for the period in question. According to the publication:
Profit after tax for the group stood at ZWL$309m during the period under review from US$23.2m in the prior period.
The economic meltdown, the reduced government uptake of seed, fuel shortages, electricity and water shortages were also cited as some of the reasons behind the drop.
More: Business Times
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