Tiger Brands still feeling the pinch after deadly listeriosis outbreak

File: Tiger Brands warehouse.

File: Tiger Brands warehouse.

Gallo

JOHANNESBURG - Tiger Brands is still feeling the aftermath of the deadly listeriosis outbreak.

Africa’s biggest publicly traded packaged-food company, saw profits drop 12% in the six months through to March.

But while the dividend declined, the company did declare a special payout of R3,06 a share following the sale of its stake in the fishing business, the Oceana Group.

READ: Tiger Brands faces litigation over listeriosis 

The company hopes that the unbundling will also lift full-year earnings per share including one-off gains by more than 20%.

Later this year Tiger Brands will defend a class action suit filed over the listeriosis outbreak.
 

Source
eNCA