ECONOMY
Owing to the significant challenges facing the South African chicken industry, including imports and high feed input costs, food manufacturer RCL Foods expects its headline earnings a share for the six months ended December 31 to be between 40c and 55c, around 30% to 50% lower than the 87.2c it reported in the prior year. Its earnings per share for the period under review were also expected to fall by between 48% and 65% to between 30c and 45c.
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