If there is a silver lining in the dark cloud that is COVID-19, it’s the unity that has arisen amongst government, businesses, communities and individuals working towards the same goal of managing the crisis and supporting those most in need. If we can sustain this collaborative spirit beyond the pandemic, we can collectively improve systems,
AN IMPROVED PERFORMANCE NOTWITHSTANDING A WEAK OPERATING ENVIRONMENT KEY HEADLINES Revenue increases 7.1%, driven by good volume growth, particularly in Chicken and Sugar, and pricing improvements in Sugar. Double digit underlying* EBITDA and Headline earnings per share growth of 11.1% and 23.8% respectively, propelled by a significant improvement in Sugar (albeit off a low base)
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
RCL FOODS has opened a R123 million pet food plant in Randfontein, which is one of the largest facilities of its kind in Africa. The factory, which aims to grow the food producer’s South African share of the pet food retail segment from 40% to 60%, was fully commissioned in December 2017. The 1500m² state-of-the-art
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