Randalls short of forecast profit

Randalls Holdings, which was floated last year with the company forecasting a pre-tax profit of $54.6 million based on assumptions that inflation would average 16 percent, the Zimbabwe dollar would decline slowly, interest rates would be marginally above the rate of inflation, the country would have an average agricultural season and there would be continued investment in mining and construction, ended up more than $20 million short because of the economic and social turbulence that characterised its financial year ending March.