The prolonged drought and significant currency volatility has contributed to significant inflation in raw material input costs for JSE-listed fast-moving consumer goods producer Tiger Brands in the financial year ended September 30. The higher costs impacted the grains and groceries divisions, in particular, with the grains division’s operating margin having declined by 2.5 percentage points to 15.6%, Tiger Brands, which is led by CEO Lawrence MacDougall, noted on Wednesday.
Source: www.engineeringnews.co.za
Tiger Brands posts higher income despite inflationary pressure
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