|
|
Libstar - trading update
Libstar has provided a voluntary pre-close trading update for the 21-week period ending 31 May 2026. Revenue was broadly in line with the prior year, increasing by 0.9%, with a 3.5% rise excluding the disposed Fresh Mushroom operations. The group's gross profit margins declined slightly due to inflationary pressures and under-recovery in certain divisions, notably Dickon Hall Foods (DHF) and Dry Condiments exports. Despite softer trading, cash flow remained resilient, with net interest-bearing debt to EBITDA at 1.3 times, down from 1.6 times. The company continues with strategic portfolio simplification, including property sales and potential disposal of non-food assets, and has repurchased R43.3 million worth of shares.
An investor conference call is scheduled for Thursday, 18 June 2026 at 17:00. The full results are expected around 8 September 2026.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
