Commentary
INTRODUCTION
Tiger Brands has achieved a solid set of results in a difficult trading environment, overcoming a disappointing first-half performance to grow operating income by 15% for the full year. Headline earnings per share from continuing operations increased by 15% to 1 804 cents. However, earnings per share from continuing operations declined by 21% to 1 243 cents, largely due to impairments relating to the group’s investment in Dangote Flour Mills (“DFM”).
Group turnover increased by 11% to....read more |
