Rainbow Chicken (RBO), the poultry producer, reported HEPS up 130.1% to 150.87c, above the trading statement midpoint of 149.56c. Revenue increased 7.7% to R17.05bn, supported by stronger poultry demand and favourable market conditions. Lower commodity prices, firmer pricing, improved product mix and operating efficiencies drove the earnings improvement. The final dividend increased 125% to 45c, while a special dividend of 75c lifted total distributions to 135c.
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