Padenga returns to profitability

VICTORIA Falls Stock Exchange-listed crocodile breeder Padenga Holdings Limited (Padenga) has returned to profitability after recording a turnover of US$127,9 million for the full year 2022, an increase of 68% from the previous year.

In 2021, the group recorded a turnover of US$76,1 million.

The financial year which ended on December 31, 2022, according to Padenga chairperson Thembinkosi Sibanda, was characterised by several market and regulatory changes that required agile management.

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