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Johannesburg - Dairy foods maker Clover Industries Limited [JSE:CLR] reported a sharp rise in first-half earnings on Monday as sales climbed and said it expects further solid results ahead.
Clover, whose brands include Tropika juices, said headline earnings per share for the six months to end-December soared to 73.2 cents from 0.9 cents a year earlier.
The company, which listed last year, said revenue totalled R3.35bn ($487m), from R3.02bn a year earlier.
Clover said it expects to deliver a solid performance for the full year.
"The second half of the financial year is traditionally weaker than the first, but the gain in market share and continuing lower supply chain costs are expected to deliver positive results," it said in a statement.
The company declared an interim dividend of 10 cents per ordinary share.
Clover, whose brands include Tropika juices, said headline earnings per share for the six months to end-December soared to 73.2 cents from 0.9 cents a year earlier.
The company, which listed last year, said revenue totalled R3.35bn ($487m), from R3.02bn a year earlier.
Clover said it expects to deliver a solid performance for the full year.
"The second half of the financial year is traditionally weaker than the first, but the gain in market share and continuing lower supply chain costs are expected to deliver positive results," it said in a statement.
The company declared an interim dividend of 10 cents per ordinary share.
