Packaged goods company Tiger Brands’ results for the financial year ended September 30 reflect steady progress against the company’s strategic priorities with an improved underlying performance from the core business, offset by one-off costs of R732-million (pre-tax) related to a canned vegetable product recall and the civil unrest in July, the company notes. “The year under review can be characterised as a year of two halves, with a solid first half result, driven primarily by a strong first quarter, offset in part by slower top-line growth in the second half.
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