Mad Butcher sale solves immediate Veritas woes; future less certain

Wed, 14 Nov 2018

By Nikki Mandow Nov. 15 (BusinessDesk) - Veritas, the listed food and beverage company with the dubious honour of having bought Mad Butcher for $40 million and sold it for $8 million, has a healthier looking balance sheet, but is far from out of the woods yet. The company, which was also involved in a disastrous foray into the Nosh foodstore business, which it sold in 2017, warned shareholders at the annual general meeting today it was anticipating net profit from continuing operations before significant items to be down from almost $1.5...

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