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Oceana delivers operating profit growth of 69% at the full year

Oceana Group Limited says it has demonstrated its ability to keep delivering value to shareholders while maintaining good financial discipline in managing its balance sheet. For the year ended 30 September, Group revenue grew by 34% to R8.2bn, operating profit increased by 69% to R1.7bn, and headline earnings increased by 34%. As a result of the diluting effect of the additional shares issued in September 2015, headline earnings per share (HEPS) increased by 20%, resulting in a five-year compound annual growth rate in HEPS of 12%.

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Tiger Brands year end financial results

Tiger Brands (JSE: TBS), South Africa’s leading fast moving consumer goods manufacturer posted a solid set of results for the year ended 30 September 2016, testament to the strength of its brands and ability of its leadership to navigate the difficult environment. The company recorded an increase in group turnover from continuing operations of 11 percent to R31,7bn, while group operating income rose 5% to R4,2bn.

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