Tiger Brands flags FY earnings fall

Tiger Brands expects full year headline earnings per share to fall between 25 and 30% compared with the previous year.

In August, the company had forecast headline earnings per share, excluding costs from a disposal of its Haco business in December 2017, of between 22 and 37%.

The company’s earnings for the year to the end of September were impacted by a product recall in response to a deadly listeria outbreak in SA. – Reuters