RCL Foods Limited Group Financial Results for the year ended June 2023
Unlock the Stock: Afrimat and Spear REIT
Afrimat’s track record is spectacular. Spear REIT is a highly respected property fund. On Unlock the Stock, you can learn about both companies.
RCL is far more than just a chicken business
RCL is far more than just a chicken business these days, which isn’t a bad thing.
Bidvest: strong trading profit growth in every division
Bidvest closed 3.8% higher after releasing results for the six months to December 2021.
Liberty Two Degrees: reversions continue to bite
Liberty Two Degrees holds stakes in some of the most iconic properties in the country
Alviva: 20% revenue growth excl. Tarsus
After teasing the market with a trading statement, Alviva has now released all the details of the interim results for the six months ended December 2021.
PSG Group and the Great Value Unlock
This is one of the biggest news stories on the JSE that we’ve seen in a while
JSE Limited: a cash cow in a shrinking field
You may not be aware of this, but the JSE Limited is listed on the JSE. You’re right in thinking that this sounds like the financial version of the movie Inception
Capital Appreciation on the deal train
The company has announced the acquisitions of three technology companies in South Africa and a 20% stake in a company in the Netherlands.
Woolworths won’t miss 2021
as released results for the 26 weeks to 26 December 2021. The share price rallied 6% despite a fair share of negative commentary on Twitter.
Cashbuild’s negative sales momentum continues
Cashbuild released its interim results for the six months ended 26 December 2021
RCL FOODS is a South African food manufacturer with nearly 16 500 employees producing 30 much-loved brands. These include Yum Yum peanut butter, Nola mayonnaise, Ouma rusks, Pieman’s pies, Number 1 mageu, Sunbake and Sunshine bread, Supreme flour, Selati sugar, Simply Chicken, Rainbow chicken, Bobtail and Catmor pet food, and Epol and Molatek animal feed.
Key Features
- Load‐shedding impacts all operations
- Volumes and margins under pressure in a challenging trading environment
- Earnings materially impacted by sugar industry special levy
- Key Grocery brands continue to grow despite declining market
- Strong underlying Sugar performance
- Rainbow turnaround hampered by unrecovered feed costs
- Disposal of Vector Logistics completed on 28 August 2023
We have weathered a tremendously difficult 12 months, delivering a solid underlying performance in our core Value-Added Business while negatively impacted by continued unrecovered cost pressure in Rainbow. Given the key role that we play in maintaining food security and employment in South Africa, we have focused on ‘controlling the controllables’ to deliver a stable profit while supporting cash-strapped consumers. This has included careful management of price increases, value innovation, operational efficiencies and better understanding consumer needs. As a Group we are committed to being part of the solution for a more stable and prosperous future for all South Africans.”
Paul Cruickshank, Chief Executive Officer
VIEW THE SHORT FORM ANNOUNCEMENT BELOW
VIEW THE FULL SET OF RESULTS ON THE RCL WEBSITE>>
RCL-Group-Financial-Results-SFA