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Clover falls over 8 percent

Companies

Johannesburg - Shares of Clover Industries fall by over 8 percent after the dairy producer said it expected full year earnings per share would decrease by over 20 percent, due mainly to low sales volumes.

Clover is down almost 8.50 percent to 19.00 rand after touching a year high in the previous session.

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291110 Clover CEO Johann Vorster at the media briefing on their coming listings in JSE.photo by Simphiwe Mbokazi 53

The dairy giant also said it was acquiring Dairybelles's yoghurt and UHT milk units for 200 million rand. - Reuters

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