February 9, 2015 / 1:10 PM / 3 years ago

BRIEF-Tiger Brands Q1 turnover up 7 pct

Feb 9 (Reuters) - Tiger Brands Ltd

* Turnover for Q1 ended 31 December 2014 amounted to r8.2billion, reflecting a 7 pct increase

* Outlook for year remains challenging, especially for nigerian businesses

* Further devaluation of Naira will impact negatively on outlook of DFM business for balance of year

* Current share price levels will negatively impact on group’s IFRS 2 share option charge compared to previous year

* Short term prospects for nigerian businesses remain extremely challenging notwithstanding positive operational momentum that DFM business is starting to achieve Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below