Libstar performs well despite supply chain disruption, cost inflation
Packaged goods manufacturer Libstar says it has experienced another period of supply chain disruptions, significant cost inflation and consumer pressures in the six months ended June 30, but still managed to grow its sales volumes by 6.9%.
The company explains that its sales and revenue were supported by increased volumes of hard cheese in the Lancewood business, in the Perishables category, and sauces, vinegars and other condiments in the Groceries category.
This while the company posted lower export volumes of value-added herbs and spices owing to ongoing shipping delays, also affecting the Groceries category.
Libstar’s group gross profit margins were largely in line with the first half of the prior year, despite significant raw material and energy cost inflation having been experienced this year.
The company expects its normalised earnings before interest, taxes, depreciation and amortisation (Ebitda) to range between R488-million and R498-million, compared with normalised Ebitda of R315-million for the six months ended June 30, 2021, marking an increase of about 9% to 11% year-on-year.
Normalised headline earnings per share (HEPS) will be between 34.8c and 36.4c in the six months under review, against normalised HEPS of 31.2c posted in the prior half-year, which amounts to a year-on-year increase of at least 11.5%.
Libstar will publish its interim results on or about September 13.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
