Subscribe & Follow
Advertise your job vacancies
Trending
Show more
Jobs
- Customer Service (UK Company) Work from Home Work From Home
- Finance Manager Cape Town
- Assistant Store Manager Cape Town
- Retail Store Manager Pretoria
- Customer Service Team Manager - UK Market Work From Home
- Marketing Coordinator Cape Town
Pioneer Foods FY adjusted HEPS from continuing operations seen 1%-9% higher
Pioneer Foods Group said on Tuesday that it expected adjusted headline earnings per share from continuing operations in the year to the end of September to rise between 1% and 9% from a year ago.
© Rafael Ben-Ari – 123RF.com
The food producer, which houses well-known brands such as Weet-Bix, Bokomo and Liqui-Fruit, said revenue was expected to have grown between 11% and 13%. The revenue excludes Pepsi, biscuits and Maitland Vinegar that the company exited.
The JSE mid-cap company said the effect of the drought on maize and other crops, exponential increase in the wheat import duty, rand volatility and resultant cost push in a weak consumer environment affected its performance.
"Export revenue into the rest of Africa came under pressure amidst severe currency devaluation to the rand, and the deterioration of in-country consumer spending power as a consequence," it added.
Pioneer said the strength of its brand portfolio and a sustained focus on efficiencies provided a cushion to the headwinds.
Source: BDpro
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
Related
