Sugar drives resilience for RCL despite softer consumer demand

JSE-listed food manufacturer RCL Foods has delivered solid results in the financial year ended June 30 despite softer consumer demand, with earnings before interest, taxes, depreciation and amortisation (Ebitda) having increased by 36.8% year-on-year to R2.3-billion.

Excluding material one-off items and accounting adjustments, RCL delivered underlying Ebitda from continuing operations of R2.2-billion – which is a 15.5% increase compared with the prior financial year.