“Tiger Brands: South Africa’s Largest Food Producer Reports Slight Rise in Interim Profit Amid Inflation and Power Cuts”

2023-05-30 05:47:49

South Africa’s largest food producer, Tiger Brands, reported a slight rise in its interim profit on Tuesday, amid inflationary pressures and long hours of power cuts.

For the six months ended March 31, the maker of Jungle Oats and rice Tastic reported earnings per share – a profit measure used in South Africa – of 731 cents, up from 729 cents a year earlier. . (Reporting by Promit Mukherjee; Writing by Jacqueline Wong)

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