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Tiger Brands warns of drop in full-year earnings

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The food producer is to dispose of its value-added meat products businesses, previously linked to the listeria outbreak

Jungle Oats is one of Tiger Brands' original products. Picture: REUTERS/ MIKE HUTCHINGS

Earnings per share from total operations for the year ending September 30 2020 is expected to be between 76% and 79% lower than the 2,333c reported in the previous financial year. Tiger Brands, Enterprise, Beacon chocolate and Oros brands, said the performance reflects “the poor first-half performance, but includes an improved underlying performance expected in the second half, offset by the impact of Covid-19 related costs ... as well as restructuring costs estimated at approximately R70m as a result of adopting a fit-for-future operating model”.

 

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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