6 days ago
South Africa's Tiger Brands' half-year profit rises more than expected
JOHANNESBURG, May 28 (Reuters) - South Africa's Tiger Brands (TBSJ.J), opens new tab half-year earnings rose more than expected on Wednesday, with the country's biggest food producer declaring a special dividend of 12.16 rand.
The owner of Jungle Oats and Koo baked beans said its headline earnings per share from continuing operations, a key profit measure in South Africa, rose by 34% to 10.21 rand in the six months ended on March 31, from 763 cents a year ago.
SBG Securities had estimated a rise of 24%. Tiger Brands also declared an interim dividend of 415 cents per share.
