RCL Foods, which makes Nola mayonnaise, Yum Yum peanut butter and Ouma rusks, says headline earnings for the half-year to end-December will be at least 20% lower than the prior period due to load-shedding and higher commodity prices and packaging costs.
The company expects headline earnings per share to be between 53.2c and 58.1c, compared with 72.7c in the same period a year earlier, with its baking and poultry divisions hit hardest. ..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 TimesLive Premium.
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