JSE-listed consumer goods company RCL Foods has posted a 24.5% year-on-year decrease in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R1.71-billion for the financial year ended June 30, on the back of cost pressures.
The company says it experienced a “tremendously difficult” 12 months that were impacted by continued unrecovered cost pressures in the Rainbow business and a fair value revaluation of the company’s minority shareholding in The Livekindly Collective International business.