OVERVIEW
Total revenue from domestic operations decreased by 3% to R13,8 billion. Overall, volumes in the domestic business were in line with the previous year. Operating income declined by 4% to R2,0 billion, with the total operating margin remaining unchanged at 14,2%.
COMMENTARY
With the exception of VAMP, the group’s core domestic food businesses delivered a steady performance in the six-month period ended 31 March 2018, notwithstanding intense competition and ongoing pressure on pricing as consumers continually search for value. The group’s overall performance was negatively affected by the Home and Personal Care division, as well as Deciduous Fruit (LAF) and VAMP.
FINANCIALS
- 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 cash flows
- Interim condensed consolidated statement of changes in equity
- Other salient features
- Notes
