Tiger Brands, South Africa’s biggest
consumer foods manufacturer, reported flat first-half earnings on
Wednesday, weighed down by its operations in Nigeria.
Tiger Brands, which makes cereal, energy
drinks, pasta and rice, said diluted headline earnings per share fell
by 1 percent to 837 cents in the six months ended March. Headline
earnings per share is the main profit gauge in South Africa that strips
out certain one-off items.
