Sugar and chicken units weigh on RCL Foods’ full year performance
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RCL Foods remains exposed to all the the sharp edges of the SA economy - frail consumers, high unemployment, oversupply (thanks to overseas players dumping their product here), high feed costs, and high logistics costs.
Throw in the brand contagion from last year's listeriosis crisis and the only bright area in a set of results in which first half headline earnings fell by more than a quarter, to 475 million rand, was the groceries business, whose brands include Ouma Rusks, Nola mayonnaise and Yum Yum peanut butter.
RCL Foods CEO Miles Dally talks to Business Day TV
Throw in the brand contagion from last year's listeriosis crisis and the only bright area in a set of results in which first half headline earnings fell by more than a quarter, to 475 million rand, was the groceries business, whose brands include Ouma Rusks, Nola mayonnaise and Yum Yum peanut butter.
RCL Foods CEO Miles Dally talks to Business Day TV
