RCL issues improved earnings outlook

18th August 2014

By: Creamer Media Reporter

  

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JSE-listed RCL Foods now expects to report a loss a share and a headline loss a share of between 45c and 50c for the 2014 financial year, compared with earnings a share of 4.5c and headline earnings a share of 4.8c in the previous financial year.

This was a slight improvement on the company’s previous expectations, as set out in a trading statement on August 5, of a loss a share and headline loss a share of between 50c and 60c for the 2014 financial year.

RCL attributed the revised figures to a change in the finalisation of the preliminary purchase price allocation in respect of its acquisition of New Foodcorp Holdings.

The company's results would be published on August 27.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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