NATIONAL Foods (Natfoods)’s says its revenue was up by 96 percent to $24,9 billion during the six months to December 31, 2021, driven by volume growth and inflationary price increases.

During the review period, volumes increased by 15 percent to 304 000 tonnes compared to the prior period.

There was, however, a noticeable slow-down in volume momentum over the period as inflation picked up, with a year-on-year volume growth of 24 percent in the first quarter and only eight percent in the second quarter.

The company declared an interim dividend of $1,103 per share.