Libstar divests fresh mushroom business but keeps Denny brand

Core Insights - Libstar has sold its fresh mushrooms business as part of a strategic transformation to focus solely on food products [1][2][3] - The company is also evaluating potential sales of its remaining household and personal care business, Contactim, to further concentrate on food [4] Financial Performance - Libstar expects to incur a pre-tax loss of between R45 million ($2.65 million) and R55 million from the mushroom sale for the financial year ending December 31 [3] - Year-to-date revenue growth for Libstar was reported at 6.7% on a like-for-like basis, excluding the mushroom business [4] Revenue Breakdown - In the ambient products category, revenue increased by 5.6%, with price and mix contributing 5.9%, while volumes decreased by 0.4% [5] - Revenue in the perishable products category rose by 8.1%, driven by a 23.2% increase in volumes, although price and mix fell by 15% [6]