Shareholders are referred to the announcement released on the Stock Exchange News Service on 23 February 2017 in which they were advised, inter alia, that the board of directors had resolved to declare an interim gross cash dividend of 10,0 cents per share to shareholders recorded in the register of the company on 21 April
Shareholders are advised that RCL FOODS’ Chicken business unit has initiated steps to mitigate the crisis facing the local poultry industry. The results for the year ended 30 June 2016, published on SENS on 30 August 2016, included commentary on the significant challenges faced by our chicken business, principally as relates to commodity lines in
Shareholders are advised that RCL FOODS expects that its headline earnings per share from continuing operations (HEPS) for the year ended 30 June 2016 will be between 95.0 cents (15.3%) and 105.0 cents (-6.4%) versus HEPS of 112.2 cents for the corresponding year ended 30 June 2015. The combined HEPS (which includes continuing and discontinued
During 2013, RCL FOODS, through its wholly owned subsidiary, Rainbow Farms Investments (Pty) Ltd., entered into agreements with Zambeef Products PLC (Zambeef) regarding investments in its broiler business, Zam Chick Ltd. (Zam Chick), and a greenfield hatchery investment, Zamhatch Ltd. (Zamhatch). RCL FOODS has a 49% interest in Zam Chick and a 51% interest in
Revenue for the interim period increased to R13.1 billion (2015: R12.9 billion). Operating profit before depreciation, amortisation and impairment (EBITDA) decreased to R900.4 million (2015: R1.2 billion), operating profit lowered to R355.5 million (2015: R761.3 million), while profit for the period attributable to equity holders of the company dropped to R321.7 million (2015: R736.7 million).
RCL FOODS’ financial results for the six months ended 31 December 2016 will be materially impacted by the severe challenges faced by the local chicken industry due to dumped imports and high feed input costs. Excluding RCL FOODS’ Chicken business unit performance, the balance of the Group will show trading profit growth over the comparable