For the six months ended December 2023
RCL Foods delivers pleasing Interim Results in a challenging environment.
- Muted demand persists in a challenging economic environment
- Rainbow turnaround yields positive result
- Continued good Sugar performance
- Service levels restored in Pet Food and Pies
- Load-shedding direct costs continue to impact earnings
- Receipt of Vector Logistics sale proceeds improves cash position
We remain committed to our overarching business strategy as previously communicated, which includes improving shareholder returns as we seek to GROW WHAT MATTERS for all our stakeholders. I am pleased to say that we are on track with our strategy delivery plan for the 2024 financial year, supported by the rollout of our Purpose across our Value- Added Business.
RCL FOODS’ Chief Executive Officer, Paul Cruickshank
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RCL-Interim-Results-Announcement-2024
RCL FOODS is a deeply-rooted South African consumer goods business that produces some of the country’s most-loved brands: Yum Yum peanut butter, Nola mayonnaise, Ouma rusks, Pieman’s pies, Number 1 mageu, Sunbake and Sunshine bread, Supreme flour, Selati sugar, Simply Chicken, Rainbow chicken, Bobtail and Canine Cuisine dog food, Catmor and Feline Cuisine cat food, and Molatek and Epol animal feed, to name a few. It also produces a wide range of speciality and private label products.
Headquartered in Westville, Durban, the business employs over 16 000 people across 8 provinces in its Value-Added and Rainbow operations. At the heart of its culture and strategy is its Purpose – WE GROW WHAT MATTERS – which encapsulates its belief in collectively doing that little more to create a positive impact that matters.
