Padenga ups capital spending in H1

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PADENGA Holdings’s cumulative spending on capital projects surged 7,98 percent to US$7,19 million in the first six months ended June 30, 2024 from US$6,66 million in the comparative period as the group seeks to consolidate its diversification strategy.

The group, which has mining and crocodile breeding businesses operating as Dallaglio Investments and Agribusiness Limited, respectively, is undertaking key capital and expansion projects to improve operational efficiencies across all units.

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