Zeder interims HEPS drop 57.9% to 6.1c

Zeder (ZED) on Monday reported headline earnings per share (HEPS) for the six months ended August fell 58% to 6.1c from the matching period's 14.5c.

The food producer holding company said this was due to nonrecurring performance fee expenses and marked-to-market losses, mainly due to the reclassification of Pioneer Foods (PFG) as an associate following the Agri Voedsel scheme of arrangement.