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RCL Foods Ltd (RCLJ.J)

RCLJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

RCL Foods Sees FY HEPS Between 32 Cents And 44 Cents
Thursday, 15 Aug 2019 

Aug 16 (Reuters) - RCL Foods Ltd ::JSE: RCL - FURTHER TRADING STATEMENT - YEAR ENDED JUNE 2019.RCL FOODS LTD - SEES FY HEPS BETWEEN 32 CENTS (-66.9%) AND 44 CENTS (- 54.5%).RCL FOODS - EXPECTED DECLINE IN FY HEPS LARGELY ATTRIBUTABLE TO CHALLENGED PERFORMANCE OF SUGAR AND CHICKEN BUSINESS UNITS.RCL FOODS LTD - SUGAR BUSINESS UNIT IS EXPECTED TO REPORT A SIGNIFICANT OPERATING LOSS FOR YEAR DRIVEN BY LOWER LOCAL MARKET DEMAND.RCL FOODS LTD - LOWER LOCAL MARKET DEMAND IS PRIMARLY DUE TO IMPLEMENTATION OF HEALTH PROMOTION LEVY (SUGAR TAX).RCL FOODS LTD - FY EPS IS EXPECTED TO BE LOWER THAN HEPS AND BETWEEN NEGATIVE 8 CENTS (-107.5%) AND NEGATIVE 18 CENTS (-116.9%).RCL FOODS - DIFFICULT TRADING FOR CHICKEN CONTINUED UNABATED; LOCAL VOLUME & DUMPED IMPORTS DRIVING MARKET OVERSUPPLY, NEGATIVELY IMPACTING PRICING.RCL FOODS - LARGELY DUE TO SUGAR IMPAIRMENT, EPS FOR FY SEEN LOWER THAN HEPS, BETWEEN NEGATIVE 8 CENTS (-107.5%) AND NEGATIVE 18 CENTS (-116.9%).  Full Article

RCL Foods FY HEPS To Be 19.4 Cents Lower Than A Year Ago
Tuesday, 4 Jun 2019 

June 4 (Reuters) - RCL Foods Ltd ::JSE: RCL - TRADING STATEMENT - YEAR ENDING JUNE 2019.RCL FOODS LTD - HEPS AND EPS FOR YEAR ENDING JUNE 2019 WILL BE LOWER BY AT LEAST 20% WHEN COMPARED TO YEAR ENDED JUNE 2018.RCL FOODS LTD - EXPECTED DECLINE IS LARGELY ATTRIBUTABLE TO PERFORMANCE OF SUGAR AND CHICKEN BUSINESS UNITS.RCL FOODS LTD - FY HEPS WILL BE AT LEAST 19.4 CENTS (20%) LOWER THAN COMPARATIVE PERIOD HEPS OF 96.8 CENTS.RCL FOODS LTD - SUGAR BUSINESS UNIT'S FY PERFORMANCE IS EXPECTED TO BE SIGNIFICANTLY DOWN ON COMPARATIVE PERIOD.RCL FOODS LTD - FY EPS WILL BE AT LEAST 21.3 CENTS (20%) LOWER THAN COMPARATIVE PERIOD EPS OF 106.6 CENTS.RCL FOODS LTD - GROCERY BRANDS HAVE CONTINUED TO PERFORM STRONGLY IN SECOND HALF OF YEAR.  Full Article

RCL Foods Sees HY HEPS Between 53 Cents And 57 Cents
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - RCL Foods Ltd ::JSE: RCL - TRADING STATEMENT – SIX MONTHS ENDED DECEMBER 2018.RCL FOODS LTD - HEPS FOR SIX MONTHS ENDED DECEMBER 2018 EXPECTED TO BE BETWEEN 53.0 CENTS AND 57.0 CENTS.RCL FOODS LTD - HY EARNINGS PER SHARE IS EXPECTED TO BE BETWEEN 65.0 CENTS AND 69.0 CENTS.RCL FOODS - EARNINGS DECLINE LARGELY ATTRIBUTABLE TO DIFFICULT TRADING CONDITIONS EXPERIENCED IN SUGAR, CHICKEN BUSINESS UNITS OVER PAST SIX MONTHS.RCL FOODS LTD - SUGAR BUSINESS UNIT'S RESULT IS EXPECTED TO BE SIGNIFICANTLY DOWN ON CORRESPONDING PERIOD IN HY.RCL FOODS LTD - CHICKEN BUSINESS UNIT'S RESULT IS ALSO EXPECTED TO BE DOWN ON CORRESPONDING PERIOD IN HY.  Full Article

S.A. Competition Commission Approves Actis-Abraaj, Polanofield-DAWN Deals
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - South Africa's Competition Commission::UNCONDITIONALLY APPROVED IN2FOOD' DEAL TO ACQUIRE ASSETS OF BRONKHORSTSPRUIT FACILITY OF RCL FOODS.APPROVED, WITH CONDITIONS, PROPOSED MERGER, WHEREBY INDEPENDENT INSTITUTE OF EDUCATION TO BUY MSA AND LAUREATE SA.RECOMMENDED TO COMPETITION TRIBUNAL TO UNCONDITIONALLY APPROVE ACTIS INTERNATIONAL'S DEAL TO BUY ABRAAJ INVESTMENT.UNCONDITIONALLY APPROVED DEAL WHEREBY POLANOFIELD INTENDS TO BUY DISTRIBUTION AND WAREHOUSING NETWORK.  Full Article

SA's Health Ministry Says Test Samples From RCL's Wolwehoek Facility Showed Listeria Monocytogenes
Wednesday, 28 Mar 2018 

March 28 (Reuters) - SA'S MINISTRY OF HEALTH::SA'S MINISTRY OF HEALTH SAYS WHOLE GENOME SEQUENCING RESULTS OF LISTERIA MONOCYTOGENES FOUND AT RAINBOW FOODS’ WOLWEHOEK PRODUCTION FACILITY.SA'S MINISTRY OF HEALTH SAYS WHOLE GENOME SEQUENCING HAS CONFIRMED STRAINS FOUND IN THE PRODUCTION FACILITY ARE NOT THE ST6 OUTBREAK STRAIN.SA'S MINISTRY OF HEALTH- PRESENCE OF L. MONOCYTOGENES OF OTHER SEQUENCE TYPES IN RETAIL POLONY CHUBS, PRODUCTION FACILITY DO ALSO CAUSE THE DISEASE ‍​.  Full Article

RCL Foods Says Wolwehoek Polony Plant Is Clear Of St6 Listeria Strain​
Friday, 16 Mar 2018 

March 16 (Reuters) - RCL Foods Ltd ::WOLWEHOEK POLONY PLANT IN FREE STATE IS CLEAR OF ST6 LISTERIA STRAIN​.‍RAINBOW POLONY PRODUCTS FROM WOLWEHOEK PLANT WERE RECALLED AS A PRECAUTIONARY MEASURE AND PLANT HAS BEEN TEMPORARILY CLOSED​.‍TESTS CONDUCTED BY AN INDEPENDENT LABORATORY IN FRANCE HAVE SHOWN THAT PLANT IS CLEAR OF ST6 LISTERIA STRAIN​.‍RECALL DOES NOT AFFECT ANY OTHER RCL FOODS FACILITIES OR PRODUCTS, INCLUDING FRESH AND FROZEN RAINBOW CHICKEN​.  Full Article

Rcl Foods' Wolwehoek Plant To Suspend Production Of Rainbow Polony Brand
Monday, 5 Mar 2018 

March 5 (Reuters) - Rcl Foods Ltd ::CONFIRMS ITS WOLWEHOEK PROCESSING PLANT HAS TAKEN PRE- CAUTIONARY MEASURE TO SUSPEND ALL PRODUCTION OF RCL FOODS' RAINBOW POLONY BRAND.​.‍MINISTER ANNOUNCED THAT INVESTIGATION OF RCL FOODS' WOLWEHOEK PRODUCTION FACILITY IS ALSO UNDERWAY.‍IS IN PROCESS OF RECALLING ALL RAINBOW POLONY PRODUCTS FROM ITS ENTIRE CUSTOMER BASE​.‍SPECIFIC STRAIN OF PATHOGEN RESPONSIBLE FOR OUTBREAK HAS NOT BEEN LINKED TO WOLWEHOEK FACILITY​.AT WOLWEHOEK PRODUCTION FACILITY, POLONY PRODUCTS HAVE TESTED POSITIVE FOR L. MONOCYTOGENES, ALTHOUGH SEQUENCE TYPES OF ISOLATES ARE NOT ST6​.‍NATIONAL CONSUMER COMMISSION HAS ISSUED PRECAUTIONARY SAFETY RECALL NOTICES FOR POLONY PRODUCTS FROM BOTH OF THESE FACILITIES​.  Full Article

RCL Foods Says HY ‍Headline Earnings R644,7 Mln, Up 56.9%​
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Rcl Foods Ltd ::HY ‍HEADLINE EARNINGS R644,7 MILLION, UP 56.9%​.HY ‍REVENUE R12,8 BILLION, DOWN 2.4%​.‍INTERIM DIVIDEND PER SHARE 15,0 CENTS, UP 50.0%​."‍CAUTIOUSLY OPTIMISTIC" THAT CONSUMER SPENDING HAS BEGUN TO IMPROVE, WHICH SHOULD ALLOW VOLUMES TO CONTINUE TO RECOVER FROM LOW POINT​.‍LOGISTICS' SECOND HALF OF CURRENT FINANCIAL YEAR IS EXPECTED TO BE AN IMPROVEMENT OVER CORRESPONDING PERIOD​.  Full Article

RCL Foods Sees HY HEPS To Be Between 69.5 Cents And 79.0 Cents ​
Monday, 12 Feb 2018 

Feb 12 (Reuters) - Rcl Foods Ltd ::‍EARNINGS PER SHARE FOR SIX MONTHS ENDED DECEMBER 2017 IS EXPECTED TO BE BETWEEN 72.0 CENTS (+93.5%) AND 79.0 CENTS​.‍HEADLINE EARNINGS PER SHARE FOR SIX MONTHS ENDED DECEMBER 2017 IS EXPECTED TO BE BETWEEN 69.5 CENTS (+46.0%) AND 79.0 CENTS (+66.0%)​.‍EXCLUDING ONCE-OFF ITEMS, HEPS FOR 6 MONTHS TO DEC EXPECTED TO BE BETWEEN 69.5 CENTS-79.0 CENTS COMPARED TO NORMALISED HEPS OF 55.1 CENTS.‍IMPROVEMENT IN UNDERLYING HY RESULTS OVER CORRESPONDING PERIOD IS MAINLY ATTRIBUTABLE TO CHICKEN BUSINESS UNIT​.‍SUGAR BUSINESS UNIT'S RESULT IS MATERIALLY DOWN ON CORRESPONDING PERIOD​.  Full Article

RCL Foods says FY HEPS down 34.2 pct at 63.5 cents
Tuesday, 29 Aug 2017 

Aug 29 (Reuters) - Rcl Foods Ltd :FY REVENUE AT R25,0 BILLION.FINAL DIVIDEND OF PER SHARE 20,0 CENTS.FY HEADLINE EARNINGS PER SHARE AT 63.5 CENTS V 96.5 CENTS YEAR AGO.CAPITAL EXPENDITURE (INCLUDING INTANGIBLES) FOR YEAR ENDED JUNE 2017 WAS R834,5 MILLION.  Full Article

South African Markets - Factors to watch on August 16

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.