Taste Holdings’ H1 loss widens

The brutal and sustained decline in consumer spending across almost all categories that fast food and luxury goods company Taste Holdings trades in has overshadowed operational gains made during the six months ended August 31, Taste Holdings CEO Carlo Gonzaga said in a statement on Thursday. The group posted an operating loss of R65.91-million for the six-month period, compared with an operating loss of R34.36-million in the first half of the prior financial year, and reported a headline loss a share of 15.9c.