RCL warns of at least 30% slump in headline earnings owing to pandemic

JSE-listed RCL Foods expects its headline earnings per share (HEPS) for the financial year ending June 30 to be at least 30% lower than the HEPS of 37.9c reported for the prior financial year. The Covid-19 pandemic and the nationwide lockdown implemented by the South African government has had a significant impact on the group’s results, it notes.

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