• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Famous Brands earnings up, declares dividend

Oct 22 2012 10:59
Johannesburg – Famous Brands [JSE:FBR] on Monday reported a 22% jump in diluted headline earnings per share for the six months ended August to 147 cents from the 120c recorded the previous year.

“Trading conditions remained competitive but stable‚ with the key driving forces in the industry being the unrelenting demand from consumers for a convenient value proposition‚ and their gravitation to tried-and-tested brands in the context of constrained disposable income‚” Famous Brands said.

The group’s profit increased by 17% to R1.18bn and its operating profit added 12% to R184m.

“To date the existing business model has served the group well‚ but in order to ensure sustained growth of this vastly transformed enterprise‚ management has undertaken a major strategic intervention to build a 'fit-for-purpose' business model which will support future expansion of the group‚” the group said.

The company declared an interim dividend of 108c‚ which constitutes an increase of 35%.

The group expects the current trading conditions in the country to remain unchanged for the foreseeable future.

“It is anticipated that consumer spend will remain under pressure‚ which together with hyper-inflation in diesel and utility prices‚ will serve to impact negatively on the group's margins.

"Notwithstanding this environment‚ management is optimistic that the business is well positioned to capitalise on growth opportunities as they develop‚” Famous Brands added.
famous brands  |  earnings


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote