Tiger Brands What do Tiggers like?
Revenue was up 6% to R20.479 billion over at the lair of the Stripy One, and operating income increased by 7.6% to R3.2 billion for the year which ended, after a fashion, on the 30th of September, which we are assured, hath 30 days. Of which that one was the thirtieth. On the profit front, pre-tax takings increased by 19.1% to R3.6 billion. Tiger, as you know, is a business which earns a substantial portion of its daily crust by buying and selling other outfits. How has that worked out for them, this twelve-month past? Income from associates, including Empresas Carozzi, Oceana Group and the newly-acquired UAC Foods increased by 5.4% to R265.4 million. They’re expecting things to continue tough in 2012, but will continue to place their faith in a balanced portfolio of brands and expanding continental footprint.
Comment: And why shouldn’t they, after all. Eh?