1H21: Group Registers Above Inflation Performance

Volumes growth witnessed across most segments

Influenced by a relatively stable macro-environment, volumes in the majority of Innscor’s operating units closed the period in positive territory. For the Mill-bake segment, the Bakery division experienced a 26% increase in volumes as flour availability improved, volumes however are still trending below historical norms. Volumes at National Foods yielded a 25% uptick to 264,000 mt owing to improvements in the trading environment whilst Profeeds recorded a 18% improvement in feed volumes, with the segment focusing on diversification of its operations.