Chicken industry challenges weigh on RCL’s interim results

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.