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Rainbow results for 12 months ended 31 Mar 02

Revenue increased to R3.04bn (R2.49bn), operating profit rose to R156.8m (R115m), and net profit was up at R153.9m (R98.2m). EPS increased to 60cps (38.3cps) and HEPS improved to 60.3c (45.9c). Due to low supply of maize stocks and the weakening of the Rand, overall feed prices rose by approximately 25% – well ahead of inflation.

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Rainbow change in directorate

P J Waud has resigned as non-executive director from the board of Rainbow with effect 31 Jul 02 while Stephen Mark Parsons was appointed as director of Rainbow with effect from 27 Feb 02.