South Africa’s Tiger Brands logo is pictured at a new peanut butter manufacturing facility in Krugersdorp, West of Johannesburg, South Africa April 12, 2024. REUTERS
JOHANNESBURG, June 1 (Reuters) – South African food producer Tiger Brands on Monday reported a 0.6% rise in half-year earnings, with continued value-seeking behaviour driving purchasing patterns.
Tiger Brands, which makes products such as All Gold ketchup and Jungle Oats, said its headline earnings per share from continuing operations, a key profit measure in South Africa, rose to 9.80 rand per share in the six months ended March 31, up from a restated 9.74 rand a year ago.
The manufacturer also declared an interim dividend of 430 cents per share.
Reporting by Nqobile Dludla and Lulah Dube; Editing by Jacqueline Wong
