Tiger Brands

Key financial indicators

• Turnover up 7% to R15,9 billion

• Operating income before abnormal items down 5% to R1,6 billion

• Headline earnings per share from continuing operations of 853 cents in line with last year

• Earnings per share from continuing operations up 121% to 832 cents

• Dividend per share up 3% to 339 cents

• Commentary

  The group’s results for the half year ended 31 March 2015 are characterised by a solid performance in the domestic business, which was largely offset by foreign exchange losses arising from the devaluation of the Nigerian Naira and a weak performance by the Kenyan business, Haco Tiger Brands (“Haco”).

  Domestic turnover growth of 8% was driven by volume growth of 2% and pricing inflation of 6%. Through effective management of price, volume and margin, operating profit from the domestic businesses grew by 9%, notwithstanding the heightened level of market competition and significantly higher levels of... Read more
  
  

• Financial statements

  • Interim condensed consolidated income statement
  • Interim condensed consolidated statement of comprehensive income
  • Interim condensed consolidated segmental information
  • Interim condensed consolidated statement of financial position
  • Interim condensed consolidated statement of changes in equity
  • Interim condensed consolidated statement of cash flows
  • Other salient features
  • Notes

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