02
May
Ester Mbathera Meatco has reported an operational loss of N$258.1 million in its group performance for the year-to-date period that started in January 2024. This loss, excluding a government grant, amounted to a budgeted loss of N$61.5 million. The company's bottom line reflects a reduced loss, primarily due to accounting for a state grant of N$135 million received in April, June, and July of 2023. Meatco during the period under review (2022-2023) slaughtered more than 60 820 cattle including animals behind the red line, compared to a budget of 50 000. According to the group report, the revenue generation fell…