South Africa's Tiger Brands annual earnings fall, but declares special dividend

  • Reuters
  • Stock Market News
South Africa's Tiger Brands annual earnings fall, but declares special dividend
Credit: © Reuters.

JOHANNESBURG, Nov 20 (Reuters) - Tiger Brands TBSJ.J , South Africa's biggest food producer, reported on Friday a 23% decline in full-year earnings but declared a special dividend in addition to a final dividend.

The owner of popular food brands Jungle Oats and Tastic rice said headline earnings per share (HEPS) from continuing operations fell to 1,196 cents in the year ended Sept. 30, from 1,556 cents it reported last year.

Tiger Brands said it will pay out a final dividend of 537 cents per share for the year and top it with a special dividend of 133 cents per share as a result of the one-off proceeds received from the disposal of its processed meat business.

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