RCL Foods (RCL) Results Snapshot 1H23

Diluted HEPS 56.1cps (1H22: 72.4 ).
Turnover growth +17.6 y-y to R20.2bn.
Operating margin down by 160bps to 3.2%.
EBITDA declined by 8.9% from 1H22 due to challenging trading conditions, including loadshedding and high input costs.
PBT down by 170bps to 3.0%
Rainbow and Vector separation process still in progress.
No interim dividend declared.