Tiger Brands expects higher H1 earnings

Branded food, home and personal care products manufacturer Tiger Brands expects to report earnings per share (EPS) of between R10.23 and R10.65 for the six months ended March 31, a 23% to 28% improvement on the EPS of 832c reported for the six months to March 2015. Headline earnings per share (HEPS) were expected to be R9.60 to R10.02, a 12.5% to 17.5% improvement on the HEPS of 853c reported in the prior comparative period.