Tiger Brands earnings rise 0.6 percent on volume growth
The South African food producer reported headline earnings per share of 9.80 rand for the first half of the year as revenue climbed to 17.9 billion rand. Management warned that targeted price hikes may be necessary to offset supply chain disruptions and inflationary pressures linked to the ongoing war in Iran.
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TIGER BRANDS LTD grew half-year headline earnings 0.6% to 9.80 rand per share as revenue reached 17.9 billion rand. The South Africa producer saw revenue rise 1.3% despite a 1.3% price decrease to maintain affordability for shoppers. Investors face potential margin pressure as the firm plans targeted price hikes to offset supply-chain risks from geopolitical conflict.
