Tiger Brands declares gross final dividend of 611c per share

SA's biggest food producer, Tiger Brands, said on Thursday that the group had recorded a solid performance during the year, driven by its core South African businesses.

"However, this was partially offset by underperformance in certain of its international operations," the company said.

In the year to September 30 2015, Tiger Brands reported a 1% drop in diluted headline earnings per share (HEPS) to 1,756.7c from 1,771.2c a year ago.

Group turnover increased by 5% to R31.6bn while profit before tax decreased by 20% to R2.1bn compared with a year ago.

Tiger Brands declared a gross final dividend of 611c per share.