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$1m retrenchment worsens CFI losses

HARARE – Listed agro group CFI Holdings Limited (CFI) says its losses widened in the year to September 2014 due to a $1 million retrenchment exercise at its depressed poultry unit. The group’s operating loss from operations before depreciation and financial costs widened to $5,2 million during the period under review from $2,2 million incurred…

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