Salungano expects to widen headline loss to at least 50.6c

After having multiple subsidiaries experience financial difficulty in recent years, with some having entered into business rescue in recent months, JSE-listed Salungano Group expects to report a headline loss a share of between 50.65c and 57.65c for the year ended March 31, 2023. This compares with headline earnings a share of 6.13c reported in the prior financial year.