Higher earnings from export markets helped drive a 7% increase in group operating income to 3.5bn, although Tiger's businesses outside South Africa still only account for 13% of its earnings.
Locally, Tiger noted domestic volumes slid 3%. It said it is trying to revitalise its domestic business, which has seen "economy" brands and increased competition from private label hit sales. According to Just Food website, Tiger said the next financial year would be "challenging" but felt confident its "growth prospects" in Africa look "encouraging".
Read the full article on www.just-food.com.
