Photo by: Duane Daws
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.