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...

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