RCL Foods’ profit rises as it carves out some market share

RCL Foods, whose interests range from sugar and mayonnaise to logistics, says improved volumes and market share gains helped profits rise more than a fifth in its half year to end-December, when revenue rose by double digits for a second consecutive year.

The group — which counts among its brands Ouma Rusks, Bobtail pet food and Yum Yum peanut butter — grew revenue 9.2% to R17.1bn to end-December, while headline earnings rose 21.5% to R645.6m...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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