Tiger Brands overcomes drought with modest growth and increase in dividends

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Jungle Oats.
Jungle Oats.

Cape Town – Consumer brands manufacturer Tiger Brands [JSE:TBS] has weathered the drought and saw its headline earnings per share rise by 7%, while it increased its dividend by 4% for the six months ended 31 March 2017, it announced on Thursday.

Turnover from continuing operations increased by 7% to R16.4bn, and contributions from the domestic operation increased by 8% to R14.3bn, driven by the grains division, Tiger Brands said in a statement.

The group’s operating performance was negatively impacted by the underperformance of its exports and international businesses. While turnover remained at R2.1bn, operating income decreased by 25% to R194m, it said.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
USD/ZAR
14.05
0.0%
GBP/ZAR
19.67
0.0%
EUR/ZAR
17.10
0.0%
AUD/ZAR
11.03
0.0%
JPY/ZAR
0.13
0.0%
Gold
1,831.32
0.0%
Silver
27.45
0.0%
Palladium
2,929.64
0.0%
Platinum
1,256.50
0.0%
Brent Crude
68.28
+0.3%
Top 40
62,573
+1.4%
All Share
68,520
+1.4%
Resource 10
71,474
+2.1%
Industrial 25
86,856
+0.9%
Financial 15
12,711
+1.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1387 votes
No, I did not.
52% - 3464 votes
My landlord refused
27% - 1838 votes
Vote