As the deadly listeriosis outbreak loomed large over Tiger Brands’ first-half performance, lawyers representing victims of the disease on Wednesday said more potential claimants had reached out to them.
Tiger Brands’ value-added meat products business, which had to shut factories in the aftermath of the outbreak in March 2018, reported a R296m operating loss. "With the Enterprise business now operational again, we would expect this business to trend towards break-even and then a return to profitability in the medium term. While difficult to gauge externally, one shouldn’t underestimate the level of management time that was required to deal with the crisis, which we believe had a detrimental impact on the remaining business units,” Van Vlaanderen said.
“In the meantime, more people have reached out to us. So far a total of 640 people have come forward. But not all of them are victims of listeriosis,” Marcus said. Tiger Brands said total net profit in the first six months was 1% down at R1.4bn, while headline earnings fell 11% to R1.3bn. Revenue from continuing operations fell 2% to R15.4bn.
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