Young’s and Karro owner Sofina plunges into the red as inflation costs take hold

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The protein giant said soaring cod prices and pork commodity price volatility had driven its slump in profitability

Young’s Seafood and Karro Food Group owner Sofina Foods Europe has slid into the red, off the back of a “very challenging macro environment” and “significant cost inflation” across its key fish and pork categories.

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