PERFORMANCE HEADLINES • Groceries delivered another strong result • Chicken negatively impacted by an oversupplied retail poultry market and higher feed input costs • Declining local market demand for Sugar due to sugar tax drives adverse sales mix and a significantly lower result • R762 million impairment of assets in Sugar due to weak local
In some ways, Vector is like a busy airport – delivering nearly 60 million cases per year to more than 6 700 customer drop points, through a nationwide network that includes 4 plant-based cold stores and 14 distribution sites. Planning and managing all this activity is a complex task – but it’s all in a
In an amazing show of support and humanity to celebrate Mandela Day (18 July), the non-profit DO MORE FOUNDATION, founded by RCL FOODS two years ago, is pulling out all stops (again) to show it cares. Think 1407 volunteers, a staggering 14 324 meals, 76 beneficiary organisations, 183 mini-projects, 57 teams and 44 RCL FOODS sites
PERFORMANCE HEADLINES • Groceries deliver consistent growth • Suppressed market pricing in Chicken • Adverse sales mix in Sugar • Millbake turnaround progressing well • Cost pressures erode Animal Feed and Logistics margins • Strong cash generation and low gearing Durban 4 March 2019 – RCL FOODS today reported that headline earnings for the six
PERFORMANCE HIGHLIGHTS • 52,7% increase in headline earnings • Exceptional performance from most grocery brands • Strong Chicken recovery • Sugar impacted by dumped imports • Growth strategy gains momentum Durban, 28 August 2018: RCL FOODS today reported a 52.7% increase in headline earnings for the year ended June 2018 despite a challenging trading environment.
SALIENT FEATURES Strong earnings growth Chicken recovery ahead of expectation following restructure, adverse impact on Logistics and Animal Feed in line with expectation Sugar margins compromised by significant imports despite strong operational performance and volume recovery post drought Grocery brands continue to perform well in a market showing muted growth Interim dividend declared of 15,0