Tuesday’s focus will be on food producers, with results from RCL — the group created by merging Rainbow Chicken and Foodcorp — and Sea Harvest, the fishing group unbundled from Brimstone in March 2017.RCL said on August 16 it expected to report on Tuesday that its headline earnings per share (HEPS) for the year to end-June grew by up to 57.5%."The improvement was driven by the recovery in the chicken business unit, strong volume performances in the dressings, pet food and pies categories, lower interest costs, and a tax credit related to an energy efficiency allowance," the trading statement said.RCL said its chicken division benefited from its revised business model and lower feed costs, "partially offset by the negative impacts of avian influenza and the listeriosis crisis". Its sugar business unit suffered from "continued high levels of imports".Sea Harvest said on August 10 it expected to report on Tuesday its headline earnings remained flat while basic earnings decreased by up ...
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