Anglo African Agriculture PLC - Half yearly report for the period ended 30 April 2021
PR Newswire
FOR THE SIX MONTHS ENDED 30 APRIL 2021
Anglo African Agriculture plc ("AAA" or the "Company")
Half yearly report for the six months ended 30 April 2021.
The Chairman's Report
We are reporting our results to the end of 30 April 2021. We have had sustained COVID-19 regulations now for over a year which has impacted our results and operations. At the beginning of the worldwide COVID-19 lockdowns we had no idea the complexity it would add to our businesses. We now have a clearer picture. Our South African operations were hit with reduced demand for products and the inability to see new clients as clients remain in lock down and are working from home where possible and most factories are out of bounds to non-staff. In addition the product mix has changed with more lower margin products being sold. To add to the situation our largest customer sector, the fishing industry, has suffered a global reduction in supply of fish used for tinning so their purchases have been curtailed.