South African meals producer RCL Meals reported on Monday, 28 February, a 21.6% enhance in half-year revenue, boosted by sturdy performances from all its companies.
Underlying HEPS, which excludes one-offs and accounting changes, rose by 3.1%. The corporate declared an interim dividend of 15 cents per share.
Income rose 9.2% to R17.1bn largely because of improved volumes and costs in rooster, improved pricing in groceries and better Vector Logistics income. Earnings earlier than curiosity, tax, depreciations and amortisation improved by R162.7m to R1.3bn.
RCL stated its meals division, which contains groceries, baking and sugar enterprise models, had a resilient underlying efficiency, with demand throughout most classes remaining comparatively sturdy regardless of the implementation of selective worth will increase to offset rising commodity value strain.
Surge in commodities, power, transport and labour prices
Shopper items corporations are grappling with a surge in commodities, power, transport and labour prices. RCL is especially uncovered due to its reliance on meals – the place inflation is particularly excessive.
Supported by sturdy advertising and marketing campaigns, its Merely Rooster and Rainbow manufacturers inside the rooster enterprise continued to attain double-digit quantity progress within the chilled processed meats class.