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Zimbabwe Stock Exchange listed entity Dairibord Zimbabwe Holdings Limited (DZHL) found the going tough for the half-year period to June 2020.
The period saw the company record a 32 percent drop in sales volumes.
The down turn was severe in the second quarter were sales volumes tumbled 46 percent compared to 19 percent in the first quarter.
In a statement accompanying the results chairman Mr Josh Sachikonye said the impact of the Covid-19 induced restrictions took a toll on operations.
Raw milk intake for the period at 13 million litres was 6 percent below prior year and was consistent with the decline in national milk production.
The group remains the biggest milk processor accounting for 38 percent of national intake.
Mr Sachikonye said the most significant limiting factor to growth in raw milk production over the period was the high cost of stock feeds, escalating at a rate higher than inflation.
Breaking down the performance, liquid milks, foods and beverages volumes dropped by 19 percent, 39 percent and 41 percent respectively compared to same period last year. — Business Reporter.
Online Reporter