Sugar and higher export volumes lift RCL Foods
Revenue rises 7.1% to R14.2bn due to higher market prices and sales volumes
02 March 2020 - 09:18
Higher sugar prices and improved export volumes supported RCL Foods, which owns Rainbow Chicken and Selati Sugar, during its half-year to end-December, though profit fell due to accounting changes, the group said.
Headline earnings per share fell 2.7% to 53.3c with much of the fall due to accounting changes that bring leases onto the balance sheet...
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