Rainbow profits increase
FMCG SUPPLIER NEWS
IOL Business - Feb 15th, 08:45
Rainbow Chicken (RBW) advised on Tuesday that it expects its Earnings Per Share and Headline Earnings Per Share for the 6 month period ended 31 December 2011 to be between 21% and 26% higher than that of the 6 month period ended 30 September 2010.
The group explained that during the 2011 financial year it changed its financial year end from 31 March to 30 June. The interim results for the 2012 financial year therefore include the peak trading quarter of the year, i.e. 1 October to 31 December, unlike the previously reported interim results for the 2011 financial year (for the 6 month period ended 30 September 2010).
The results are therefore also not directly comparable.
The group's interim results for the 2012 financial year (for the 6 month period ended 31 December 2011) are due to be released on SENS on Tuesday 21 February 2012. - I-Net Bridge
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