Processed meats units continue to take toll on Tiger Brands
A slow recovery in the group’s listeriosis-hit value-added meats businesses ensured operating income fell by a fifth to end-September
22 November 2019 - 08:33
Food producer Tiger Brands, which is still reeling from the backlash of the listeriosis crisis, said on Friday the slow recovery in its value-added meats businesses ensured operating income fell by a fifth in its year to end-September.
Tiger Brands, which is SA’s largest food producer, said headline earnings per share fell 17% to 1,349c during the year, with the company’s share price falling as much as 10.7% in morning trade on Friday...
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