RCL Foods, a leading South African consumer goods and milling company backed by South Africa's richest man Johann Rupert, expects a triple-digit percent jump in its earnings for the fiscal year ending June 30, 2024.
The company, partially owned by Remgro Limited, which Johann Rupert chairs, announced this week that it expects headline earnings per share (HEPS) to rise by over 100 percent, driven by strong performances across its core divisions.
According to figures disclosed in the RCL Foods's trading statement , the company revealed that it expects HEPS to rise between R1.384 ($0.07) and R1.452 ($0.08), representing a 102.6 - 112.6 percent increase from R0.683 ($0.03) in the previous fiscal year.
RCL Foods outperforms, thanks to Rainbow Chicken and strategic divisionsRCL Foods expects a significant surge in earnings per share (EPS) from total operations, with projections ranging from R1.784 ($0.09) to R1.854 ($0.1), representing a remarkable 157.4 percent to 167 percent increase from the previous year's R0.693 for fiscal year 2023.
