RCL Foods warns of R1.5bn in writedowns as Covid-19 bites
The group is battling with a sharp drop in profits as the pandemic batters the food industry
21 August 2020 - 12:57
RCL Foods, which owns Rainbow Chickens and Selati sugar, has warned of a drop in profits and R1.5bn in writedowns of its businesses due an economic hit from Covid-19.
The group expects headline earnings per share (HEPS) in its year to end-June to fall as much as 70.4% from the prior period’s 37.9c...
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