UNAUDITED GROUP RESULTS for the six months ended 31 March 2020

Tiger Brands Logo

SALIENT FEATURES
from continuing operations

Tiger Brands grows revenue under difficult trading conditions

  • Revenue
    R15,7 billion




    2%

  • Operating income*
    R1,1 billion




    29%

    *  Before IFRS 2 charges, impairments and abnormal items.

  • EPS
    221 cents




    75%

  • HEPS
    501 cents




    35%

  • Interim dividend withheld as cash preservation is prioritised given Covid-19 uncertainty




     


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Commentary

The Group’s overall performance reflects the difficult trading environment and the challenges faced, particularly within Grains, Groceries, Value Added Meat Products (VAMP) and Exports.

As previously reported, operations at Deli Foods in Nigeria were terminated in October 2019. As such, Deli Foods has been treated as a discontinued operation in these results, with the comparative information restated accordingly.


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