Tiger Brands expects up to 15% decrease in HEPS following unrest, product recall

Food producer Tiger Brands' share price on the JSE fell on Tuesday morning as it warned of an up to 15% year-on-year decrease in headline earning per share (HEPS) for the financial year ended September 30. The JSE-listed company said HEPS from continuing operations would likely be between 5% and 15% lower than the HEPS of R11.96 reported for the 2020 financial year, mainly as a result of one-off costs incurred as a result of the civil unrest in July  and the recall of certain canned vegetable products.

from Engineering News | Home https://ift.tt/3GmTLjd