Libstar: Libstar on track to report higher full-year revenue despite lower sales volumes

JSE-listed consumer packaged goods group Libstar has reported a 2.5% increase in revenue in the year to November 22, despite sales volumes having declined by 2.9%, compared with the same period of last year. In a pre-close trading update, the company advises that trading conditions have improved in the fourth quarter of the year following a weaker performance in the third quarter, which was owing to soft retail and food service channel demand.