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Industry News & Trends / Business & Markets / Africa
on September 5, 2019

Poultry, sugar reined back RCL Foods’ profits

Profitability down 25% for South African company

Despite achieving an increase in total revenue, South African agrifood group RCL Foods reports a fall of more than 25% in overall profitability for the past fiscal year, reflecting major challenges faced by its poultry and sugar businesses.

For the fiscal year to June 2019, revenue by RCL Foods totaled…

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