Sugar and chicken imports choke RCL
The food company says full-year earnings could fall by at least 20% in difficult conditions
04 June 2019 - 19:39
RCL Foods, the consumer goods and milling company majority owned by investment firm Remgro, on Tuesday said its sugar and chicken businesses were set to drag its earnings lower by at least 20% in the year to end-June.
Difficult conditions in the two businesses were also a major factor in the interim results of the owner of Selati, Number One Mageu and Yum Yum brands...
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