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S.Africa’s Tiger Brands H1 profit rise, resumes interim dividend payout

PUBLISHED: Thu, 20 May 2021 05:46:12 GMT

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JOHANNESBURG, May 20 (Reuters) – South Africa’s biggest food producer Tiger Brands said on Thursday half-year profit rose by 21%, supported by strong revenue growth in the first quarter and resumed an interim dividend of 320 cents a share.

Headline earnings per share – the main profit measure in South Africa – from continuing operations rose to 741 cents in the six months to March 31, it said, compared with 613 cents a year earlier. (Reporting by Nqobile Dludla; Editing by Jacqueline Wong)

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