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RCL Foods Ltd (RCLJ.J)

RCLJ.J on Johannesburg Stock Exchange

965.00ZAc
18 Oct 2019
Change (% chg)

-3.00 (-0.31%)
Prev Close
968.00
Open
941.00
Day's High
975.00
Day's Low
941.00
Volume
96,964
Avg. Vol
85,786
52-wk High
1,739.00
52-wk Low
810.00

Latest Key Developments (Source: Significant Developments)

RCL Foods Says Entered Management Services Agreement With Siqalo Foods Proprietary
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - RCL Foods Ltd ::SMALL RELATED PARTY TRANSACTION.RCL FOODS AND SIQALO FOODS PROPRIETARY LIMITED HAVE ENTERED INTO A MANAGEMENT SERVICES AGREEMENT.RCL FOODS SHALL BE APPOINTED TO MANAGE AND ASSIST SIQALO IN ITS DAY-TO-DAY BUSINESS OPERATIONS BY PROVIDING AGREED MANAGEMENT SERVICES.UNIT WILL ALSO ENTER INTO A SERVICES AGREEMENT WITH SIQALO IN ORDER TO PROVIDE AN INTEGRATED LOGISTICS SERVICE TO SIQALO.IN CONSIDERATION FOR SERVICES SIQALO SHALL PAY CO MANAGEMENT FEE OF R134 MILLION PER ANNUM.  Full Article

RCL Foods Posts FY Revenue Up 5.5%
Monday, 2 Sep 2019 

Sept 2 (Reuters) - RCL Foods Ltd ::FY FINAL DIVIDEND DECLARED DOWN 60.0% TO 10.0 CENTS.FY REVENUE UP 5.5% TO R25,9 BILLION.FY HEADLINE EARNINGS PER SHARE (HEPS) DOWN 60.8% TO 37.9 CENTS."HIGHER PROPORTION OF OUR FUTURE PRODUCTION IS EXPECTED TO BE EXPORTED AT SIGNIFICANTLY LOWER MARGINS".PERFORMED A DETAILED IMPAIRMENT REVIEW ON SUGAR CASH-GENERATING UNIT.FY LOSS PER SHARE 12.7 CENTS.FY EPS LOWER THAN HEPS LARGELY DUE TO R761,9 MILLION (R552,5 MILLION POST-TAX) IMPAIRMENT IN SUGAR BUSINESS.  Full Article

RCL Foods HY HEPS Of 54.8 Cents
Monday, 4 Mar 2019 

March 4 (Reuters) - RCL Foods Ltd ::HY HEADLINE EARNINGS PER SHARE 54.8 CENTS.HY REVENUE R13,3 BILLION UP 3.5%.INTERIM DIVIDEND PER SHARE 15.0 CENTS."EXPECT TRADING CONDITIONS TO REMAIN CHALLENGING DUE TO SOUTH AFRICA'S POOR ECONOMIC OUTLOOK".DESPITE EXPECTED ECONOMIC HEADWINDS, STRONG BALANCE SHEET AND CASH FLOW GENERATION POSITIONS CO WELL.  Full Article

RCL Foods Posts FY HEPS Of 96.8 Cents
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - RCL Foods Ltd ::FY REVENUE 24.43 BILLION RAND VERSUS 24.95 BILLION RAND.FY HEADLINE EARNINGS PER SHARE 96.8 CENTS.HEADLINE EARNINGS FOR YEAR ENDED JUNE 2018 INCREASED 52.7% TO R837,7 MILLION.RESOLVED TO DECLARE A FINAL GROSS CASH DIVIDEND OF 25.0 CENTS PER SHARE.TRADING CONDITIONS WILL CONTINUE TO BE CHALLENGING AND FIGHT FOR MARKET SHARE WILL REMAIN FIERCE.EXPECTING RECENT MODEST RECOVERY IN MARKET VOLUMES TO CONTINUE.LOGISTICS WILL CONTINUE TO SEEK NEW BUSINESS AND REDUCE COSTS.  Full Article

RCL Foods Says So Far Incurs 75 Mln Rand Costs Associated With Product Recall, Suspension Of Ops At Wolwehoek Processing Plant​
Monday, 26 Mar 2018 

March 26 (Reuters) - RCL Foods Ltd ::‍UPDATES ON FINANCIAL IMPACT OF PRODUCT RECALL AND SUSPENSION OF OPERATIONS AT WOLWEHOEK PROCESSING PLANT​.‍IDENTIFIABLE COSTS INCURRED TO DATE, ASSOCIATED DIRECTLY WITH RECALL AND SUSPENSION OF PRODUCTION, ARE ESTIMATED TO BE APPROXIMATELY R75M​.‍THERE IS FINANCIAL IMPACT ASSOCIATED WITH LOST CONTRIBUTION ON POLONY PRODUCTS BEING OUT OF TRADE.‍THERE IS FINANCIAL IMPACT ASSOCIATED WITH UNEXPECTED IMPACT ON BALANCE OF RAINBOW'S CHILLED PROCESSED MEATS AND OTHER CHICKEN CATEGORIES​.‍MANAGEMENT ESTIMATES PROFIT IMPACT TO BE APPROXIMATELY R20M PER MONTH ​.‍ACTIVELY ENGAGING GOVERNMENT IN ORDER TO RESUME OPERATIONS AT WOLWEHOEK PROCESSING PLANT AS SOON AS POSSIBLE​.  Full Article

South Africa's RCL Foods reports 60.8% drop in full-year earnings

JOHANNESBURG, Sept 2 South Africa's RCL Foods reported a 60.8% drop in full-year profit on Monday, hurt by a poor performance in its sugar and chicken divisions.