Food producer RCL Foods says a strong performance in its sugar and Vector Logistics businesses as well as a return to profitability of the chicken business are what supported its resilient performance over the last year ended June 2022.
The JSE-listed food manufacturer, which reported on its full year performance on Monday, says its revenue for the period grew by 10.2% to R34.9 billion, up from R31.7 billion reported in the previous period.
Headline earnings were up by 10% to R1.05 billion this period, while headline earnings per share (Heps) increased by 9.9% to 118.6 cents.
Group earnings before interest, taxes, depreciation, and amortisation (Ebitda) also strengthened by 7.7% to R2.59 billion during the period.
“The group’s strong focus on both strategic and operational execution has assisted in maintaining its forward momentum, despite the impact of continued commodity…
