Salient features*

Tiger Brands has a slow start to the year under difficult trading conditions

  • Revenue declined 4% to R15,7 billion


  • Operating income* declined 8% to R2,0 billion


  • Gross profit margin expands by 80bps to 33,3%


  • Core domestic food businesses deliver a steady performance


  • Rehabilitation work continues at Value Added Meat Products (VAMP) facilities


  • VAMP recall and related costs amount to R365 million net of initial insurance claims


HEPS down 16% to 868 cents

Interim dividend unchanged at 378cps

* From continuing operations|Operating income before asset impairments, abnormal items and IFRS 2 charges