RCL gives clarity on profit drop
HEPS will fall due in part to a special sugar levy, high chicken feed prices and load-shedding costs
23 August 2023 - 16:26
RCL Foods, the maker of Rainbow Chicken and Selati sugar, says its headline earnings per share (HEPS) will be up to 46% lower for the year to end-June, in part due to a special sugar levy, high chicken feed prices and load-shedding costs.
The owner of the Yum Yum and Nola brands previously said it expected at least a 30% HEPS drop, but has now updated the market with more precise figures. It expects HEPS to be 64c-72c down from 118.6c previously...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.