RCL Foods falls after flagging loss

Comment on this story
IOL image JSE interior view INDEPENDENT MEDIA The JSE is seen in this file photo: Leon Nicholas.

Johannesburg - Shares of RCL Foods fall more than 3 percent as the South African firm flags a loss in the year to end June, hit by an acquisition and restructuring costs.

The consumer foods company says it is likely to report headline loss per share of between 50 and 60 cents from earnings of 4.8 cents last year.

Its shares are down 3.07 percent at 16.08 rand, making it the biggest decliner on Johannesburg's All-share index. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines