RCL Foods reports 38.8% rise in half-year earnings
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GUEST - Paul Cruickshank – RCL Foods CEO
RCL FOODS has delivered a pleasing half-year performance by diligently managing factors under its control. Earnings before interest, taxes, depreciation, amortisation and impairments (EBITDA) increased by 25.1% to R1 549,8 million (December 2023: R1 238,7 million), largely driven by Baking (up R194,5 million) and Groceries (up R88,4 million). The Board of directors have resolved to declare an interim cash dividend of 20.0 cents per share (December 2023: nil).
RCL FOODS has delivered a pleasing half-year performance by diligently managing factors under its control. Earnings before interest, taxes, depreciation, amortisation and impairments (EBITDA) increased by 25.1% to R1 549,8 million (December 2023: R1 238,7 million), largely driven by Baking (up R194,5 million) and Groceries (up R88,4 million). The Board of directors have resolved to declare an interim cash dividend of 20.0 cents per share (December 2023: nil).
