RCL expects 75% y/y growth in headline earnings
JSE-listed consumer goods group RCL Foods expects to report a 75% year-on-year increase in headline earnings per share (HEPS) for the financial year ending June 30, supported by higher earnings in the Rainbow Chicken and Groceries segments.
RCL says its HEPS will increase by at least 51.2c from the 68.3c reported for the prior financial year.
In turn, earnings per share (EPS) will be at least 125%, or 86.6c, higher year-on-year, improving on the prior year’s EPS of 69.3c.
RCL’s difference between HEPS and EPS in the year under review relates to the profit on disposal of the group’s Vector segment and insurance proceeds from fire damage having occurred at the Komatipoort raw sugar warehouse in the 2022 financial year. Both these items were excluded from HEPS.
RCL reports that the Groceries segment, within the value-added business division, has recorded normalisation in pet food volumes and improved margins following loadshedding-induced service level challenges in the prior year.
The Rainbow Chicken business, which is due to be listed as a separate entity in July, recorded growth in retail and wholesale volumes in the reporting year, while the external feed division benefitted from improved external margins.
The Sugar segment continues to deliver a strong operational performance and is benefitting from high international prices.
The Baking segment, however, remains under pressure owing to a highly competitive trading environment for bread, buns and rolls.
RCL will release its full results for the year on or about September 2.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
