National Foods : April 27, 2022Q3 2022 Trading Update
Trading Environment Business Performance 1. Volume momentum for the third quarter slowed, with an increase of only 3% relative to prior year. This compared to year on year volume growth of 24% achieved in quarter 1 and 8% achieved in quarter 2. 1. The volumes for the third quarter and the year to date compared to the same period last year are shown in the table below: Category 2. Volumes for the quarter were largely impacted by an expected decline in maize offtake following the excellent 2021-2022 harvest.