Agriterra Limited Changes Name to PACSCo Limited
The agricultural company has announced it will change its name to PACSCo Limited, effective 3 April 2025.
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The agricultural company has announced it will change its name to PACSCo Limited, effective 3 April 2025.
The agricultural company is divesting its Mozambique operations and transitioning to a cash shell, citing ongoing financial challenges and an inability to secure external financing.
The agricultural company reported a 5% revenue increase to US$4.8 million, but losses widened to US$1.477 million. Drought and tough economic conditions impacted performance across divisions.
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Agriterra Limited has secured an unsecured $1.7m term loan with its majority shareholder, Magister Investments Limited, to replace higher cost external finance and facilitate the purchase of capital equipment in Mozambique.
Agriterra Limited announces a delay in reporting its 2023 Annual Results due to restructuring in Mozambique.
Agriterra Limited announces a delay in publishing its 2023 Annual Report & Accounts due to restructuring in Mozambique.