TOUGH TRADING
Rhodes Foods braces for half-year challenge
While Rhodes Foods is equipped to weather SA’s difficult trading conditions, the outlook for the rest of the year is challenging and this will come with margin pressure, CEO Bruce Henderson says. “There is no doubt that the second half of our financial year will be challenging as we do not expect any improvement in the trading environment and expect to face margin pressure,” said Henderson. “However, we traded in similar conditions in the first half and reported strong growth in our regional segment, gained market share in all our key product categories and delivered earnings growth of 15.9%,” Henderson said.
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