South Africa's Pioneer Foods H1 earnings down on maize shortfall
JOHANNESBURG, May 20 (Reuters) - South Africa's Pioneer Food
Group reported a decline in half-year earnings on
Monday, driven down by maize shortages.
Diluted adjusted headline earnings per share (HEPS)for the
six months ended March 31 fell 14% to 272.4 cents from 320 cents
a year earlier, the food and beverage company said.
HEPS is the main profit measure used in South Africa, which
strips out once-off items.
Pioneer issued a dividend of 105 cents per share for the six
month ended 31 March 2019
(Reporting by Onke Ngcuka, editing by Louise Heavens)
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