Clover warns of tough operating conditions
Clover Industries says global and domestic conditions were set to remain difficult with inflationary pressures expected to continue into the coming year.
The branded consumer goods and beverages group also announced at the annual general meeting that John Bredin would step down as chairman after spending 22 years with the company.
"Clover will continuously monitor and address the impact of these external factors where applicable.
"The implementation of Project Cielo Blu continues according to schedule and we expect that the increased efficiencies‚ additional cost savings drives and other margin-enhancing projects will ensure that Clover retains a healthy market share and strong balance sheet‚" said Bredin.