IMPROVED volume performance and cost cuts enabled sugar producing firm Star Africa Corporation to return to profitability, shrugging off stiff competition from cheaper imported sugar flooding the local market, the company has said.
In its interim results statement for the six months to September 30, 2024, company chairman Rungano Mbire said the group reassessed its distribution strategies to sustain sales volume performance in the wake of high informalisation of the market, coupled with exchange rate distortions.