RCL expects 75% y/y growth in headline earnings

JSE-listed consumer goods group RCL Foods expects to report a 75% year-on-year increase in headline earnings per share (HEPS) for the financial year ending June 30, supported by higher earnings in the Rainbow Chicken and Groceries segments.

RCL says its HEPS will increase by at least 51.2c from the 68.3c reported for the prior financial year.