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Bad Taste results sees share plunge

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Starbucks Rosebank (picture supplied)
Starbucks Rosebank (picture supplied)

Johannesburg – Taste Holdings share price tumbled as much as 10% following the release of its financial results on Monday.

The group which owns food franchises Domino's Pizza (49 stores) and Starbucks (three stores) reported a total loss for the year of over R101m. This is 37% more than the loss of R74m reported in the previous year. Headline loss per share came to 25 cents per share and the group did not pay out any dividends.

The share opened at R1.90 and traded as low as R1.70 during the day. By 4pm was trading at R1.75.

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