Tiger Brands’ earnings for the year ended 30 September 2020 were impacted by the ongoing difficulty of maintaining margins in a tough trading environment compounded by the challenges of Covid-19.

Revenue +4% R29,8bn
EPS   886cps
Group operating income** –18% R2,6bn

Total dividend***   670cps
Group operating margin** –240 bps 8,7%
HEPS   1 196cps
Disposal of Value Added Meat Products (VAMP) concluded
*    From continuing operations.
**  Before impairments and abnormal items.
*** Includes a special dividend of 133 cents per share.