Botswana-based food retailer Choppies has opted to hold on to its final dividend for the year to end-June, after taking a hit to volumes and revenue from Covid-19.
Group revenue, comprising sale of goods from continuing operations, increased by 1.1% to P5.42bn. The increase was inflation driven mainly in Botswana and Zimbabwe, where volumes were under pressure. The retailer has been embroiled in legal and accounting scandals, and is still suspended from the JSE, having previously faced difficulties in finalising its financial results.
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