Unfavorable Weather Conditions Behind Seedco’s 24% Volume Drop

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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