COMPANY RESULTS – RCL Foods to unbundle Rainbow Chicken
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GUEST – Paul Cruickshank. Chief Executive Officer of RCL Foods
RCL will unbundle its Rainbow Chicken business and list it on the Johannesburg stock exchange as part of
a strategic review, the food producer said on Monday as it reported half-year earnings growth of 52.6%. RCL, which owns brands such as Selati sugar, Ouma rusks and Yum Yum peanut butter, has been assessing whether its portfolio delivers sustainable earnings
and value for shareholders.
RCL will unbundle its Rainbow Chicken business and list it on the Johannesburg stock exchange as part of
a strategic review, the food producer said on Monday as it reported half-year earnings growth of 52.6%. RCL, which owns brands such as Selati sugar, Ouma rusks and Yum Yum peanut butter, has been assessing whether its portfolio delivers sustainable earnings
and value for shareholders.
