Clover falls over 8 percent

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Clover

Independent Newspapers

Clover chief executive Johann Vorster. Photo: Simphiwe Mbokazi.

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.

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


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