Clover increases revenue to R9.8bn, cost efficiency drive pays off

JSE-listed dairy products manufacturer Clover has improved its revenue for the year ended June 30 by 6%, to R9.8-billion, despite having faced numerous economic headwinds in the year under review. “We had a tough year, no doubt. We had a deflationary year in dairy,” Clover CEO Johann Vorster told Engineering News Online in a telephone interview, citing a 5% drop in the company’s selling price.