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RCL Foods FY headline loss per share seen at 60c

5 Aug 2014

RCL Foods (RCL) expects to swing to a full-year headline loss‚ affected by transaction costs associated with the acquisitions of Foodcorp Holdings and TSB Sugar.

RCL Foods FY headline loss per share seen at 60c

RCL Foods‚ formerly known as Rainbow Chicken‚ said on Tuesday, 5 August 2014, that headline loss per share in the year to June were expected to be 60c from 4.8c earnings a year ago.

RCL Foods acquired the two separate entities last year at a cost of just more than R5bn to diversify its portfolio. The company is traditionally a poultry producer.

The full-year results are expected on 27 August.

At 11.12pm‚ the stock was down 3.44% to R16.02‚ valuing the company at R14.8bn.

SOURCE

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