The Group achieved pleasing results for the financial year ended 30 September 2015 despite a vulnerable South African economy, sustained competition and significant cost push.
The following highlights underpinned the performance:
• Volume growth and share gains in most key categories
• Second half recovery in fruit exports
• Progressive expansion of bakery margins
• Containment of operating costs
• Successful exit of biscuits and Pepsi
• Acquisition and integration of the Nigerian joint venture