Salient features

Tiger Brands’ full year performance was impacted by the suspension of operations at Value Added Meat Products (VAMP) and a challenging trading environment

  • Revenue declined by 9% to
    R28,5 billion

  • Group operating income** declined by 28% to
    R3,3 billion

  • Group operating margin** down 310bps to
    11,7%

  • HEPS down 26% to
    1 587 cents per share

  • Dividend unchanged at
    1 080cps

  • Dividend cover reduced to
    1,75x based on HEPS

  • Oceana Group Limited (Oceana) stake to be
    unbundled

  • * From continuing operations.

    ** Before IFRS 2 charges.