Nov 22 (Reuters) - Tiger Brands Ltd TBSJ.J :
* JSE: TBS - AUDITED GROUP RESULTS AND DIVIDEND DECLARATION
THE YEAR ENDED 30 SEPTEMBER 2019
* TIGER BRANDS LTD - FY REVENUE INCREASED BY 3% TO R29.2
BILLION
(EXCLUDING VAMP+, REVENUE INCREASED BY 5% TO R28.6 BILLION)
* TIGER BRANDS LTD - FY HEPS DOWN 17% TO 1 349 CENTS PER
SHARE
* TIGER BRANDS LTD - FY EPS UP 55% TO 2 364 CENTS PER SHARE
* TIGER BRANDS LTD - TOTAL DIVIDEND DECLARED OF 1 061 CENTS
SHARE
* TIGER BRANDS LTD - UNBUNDLING OF INVESTMENT IN OCEANA
CONCLUDED
* TIGER BRANDS LTD - DELI FOODS DISCONTINUED
* TIGER BRANDS - FY RESULTS IMPACTED BY UNBUNDLING OF
OCEANA,
CHALLENGING OPERATING ENVIRONMENT, SLOWER THAN ANTICIPATED
RECOVERY IN VAMP BUSINESS
* TIGER BRANDS LTD - DELI FOODS IN NIGERIA HAD BEEN IN LOSS
MAKING
POSITION FOR LONG TIME, BOARD APPROVED CLOSURE OF BUSINESS
* TIGER BRANDS LTD - EXPECTED THAT SIGNIFICANT
MACRO-ECONOMIC
CHALLENGES FACING COUNTRY ARE LIKELY TO PERSIST FOR FORESEEABLE
FUTURE
* TIGER BRANDS LTD - OPERATING ENVIRONMENT IS LIKELY TO
REMAIN
SUBDUED
* TIGER BRANDS LTD - PLACED HEIGHTENED FOCUS ON DRIVING
PRODUCTIVITY AND SECURING COST EFFICIENCIES ACROSS VALUE CHAIN
TO PROTECT MARGINS
* TIGER BRANDS LTD - FY GROUP OPERATING MARGIN DOWN 260 BPS
* TIGER BRANDS LTD - LOWER VOLUMES, COUPLED WITH INABILITY
FULLY RECOVER INPUT COSTS, PLACED GROSS MARGINS UNDER PRESSURE
IN FY
* TIGER BRANDS LTD - REGARDING POTENTIAL DISPOSAL OF VAMP,
FORMAL
DUE DILIGENCE PROCESS IS UNDER WAY
* TIGER BRANDS LTD - WILL PRIORITISE INVESTMENT IN GROUP'S
BRANDS
Source text for Eikon: ID:nJseV0004a
Further company coverage: TBSJ.J