WATCH: Why RCL Foods’ loss widened

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RCL Foods CEO Miles Dally talks to Business Day TV about the difficult trading conditions the group faces

RCL Foods has reported an annual loss of R959m, reflecting the effect of Covid-19 and a R1.5bn impairment on its assets. But the owner of Rainbow Chicken has given shareholders a reason to smile by declaring a final dividend.

 

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RCL Food’s share leaps as it sticks with dividend and considers acquisitionsThe group has cited an improved performance in its sugar business, and generally robust retail demand, in keeping its final dividend unchanged
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