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BRIEF-Tiger Brands Says ‍Operations At Clayville Abattoir Being Wound Down
March 19, 2018 / 7:42 AM / in a month

BRIEF-Tiger Brands Says ‍Operations At Clayville Abattoir Being Wound Down

March 19 (Reuters) - Tiger Brands Ltd:

* UPDATE ON PRODUCT RECALL AND SUSPENSION OF OPERATIONS

* ‍OPERATIONS AT CLAYVILLE ABATTOIR ARE BEING WOUND DOWN WITH OBJECTIVE OF SUSPENDING OPERATIONS COMPLETELY BY 31 MARCH 2018​

* ‍VAMP BUSINESS IS ESTIMATED TO RECORD A LOSS BEFORE INTEREST AND TAXATION OF BETWEEN R28M AND R33M FOR MARCH TRADING PERIOD

* ‍MONTHLY IMPACT OF COMPLETE CESSATION IN PRODUCTION IS ADVERSE MOVEMENT OF ABOUT R50M AT EARNINGS BEFORE INTEREST AND TAX LEVEL RELATIVE TO EXISTING EARNINGS BASE​

* ‍NO GUIDANCE IS AVAILABLE AS TO WHEN POLOKWANE, GERMISTON, PRETORIA OR CLAYVILLE FACILITIES WILL RESUME OPERATIONS​ Source text for Eikon: Further company coverage:

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