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United Kingdom

RCL Foods Ltd (RCLJ.J)

RCLJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

RCL Foods Posts FY HEPS Of 96.8 Cents
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - RCL Foods Ltd ::FY REVENUE 24.43 BILLION RAND VERSUS 24.95 BILLION RAND.FY HEADLINE EARNINGS PER SHARE 96.8 CENTS.HEADLINE EARNINGS FOR YEAR ENDED JUNE 2018 INCREASED 52.7% TO R837,7 MILLION.RESOLVED TO DECLARE A FINAL GROSS CASH DIVIDEND OF 25.0 CENTS PER SHARE.TRADING CONDITIONS WILL CONTINUE TO BE CHALLENGING AND FIGHT FOR MARKET SHARE WILL REMAIN FIERCE.EXPECTING RECENT MODEST RECOVERY IN MARKET VOLUMES TO CONTINUE.LOGISTICS WILL CONTINUE TO SEEK NEW BUSINESS AND REDUCE COSTS.  Full Article

RCL Foods Says So Far Incurs 75 Mln Rand Costs Associated With Product Recall, Suspension Of Ops At Wolwehoek Processing Plant​
Monday, 26 Mar 2018 

March 26 (Reuters) - RCL Foods Ltd ::‍UPDATES ON FINANCIAL IMPACT OF PRODUCT RECALL AND SUSPENSION OF OPERATIONS AT WOLWEHOEK PROCESSING PLANT​.‍IDENTIFIABLE COSTS INCURRED TO DATE, ASSOCIATED DIRECTLY WITH RECALL AND SUSPENSION OF PRODUCTION, ARE ESTIMATED TO BE APPROXIMATELY R75M​.‍THERE IS FINANCIAL IMPACT ASSOCIATED WITH LOST CONTRIBUTION ON POLONY PRODUCTS BEING OUT OF TRADE.‍THERE IS FINANCIAL IMPACT ASSOCIATED WITH UNEXPECTED IMPACT ON BALANCE OF RAINBOW'S CHILLED PROCESSED MEATS AND OTHER CHICKEN CATEGORIES​.‍MANAGEMENT ESTIMATES PROFIT IMPACT TO BE APPROXIMATELY R20M PER MONTH ​.‍ACTIVELY ENGAGING GOVERNMENT IN ORDER TO RESUME OPERATIONS AT WOLWEHOEK PROCESSING PLANT AS SOON AS POSSIBLE​.  Full Article

UPDATE 1-Revised business model spurs profits at South Africa's RCL Foods

JOHANNESBURG, Aug 28 South African poultry producer RCL Foods' reported a 50 percent jump in full-year profits on Tuesday, saying the restructure of its chicken business and growth in its grocery unit helped it improve its performance.