SA’s Premier Group’s Share Prices Surge

(3 Minutes Read)  

 For the year ended March 2024, the group grew revenue by 3.6% year-on-year to R18.6 billion, while headline earnings per share increased by 17.4% to 743 cents.  Premier Group will release its results for the financial year ending 31 March 2025 on or about 10 June.

Food producer Premier Group’s share price surged by over 8% on Monday afternoon following a trading statement for the financial year ending 31 March 2025 it published on Sens. The company, which listed on the JSE two years ago, expects headline earnings per share to increase between 20% and 30%, or 893 cents and 967 cents.

Premier Group produces brands such as Blue-Ribbon bread, Iwisa maize meal products, Mr Sweet, and Snowflake flour. It says it expects to achieve mid-single-digit revenue growth during the period under review despite the high-interest rate environment, constrained consumer spending, and volatile soft commodity prices.

Just last week, the South African Reserve Bank kept its benchmark repo rate at 7.5% following the Monetary Policy Committee (MPC) meeting. Premier Group says the improvement in operational earnings is driven by a continued focus on margin management, cost-saving initiatives, and the delivery of operational efficiencies across both manufacturing and the group’s logistics and distribution channels.

Read Also:

https://trendsnafrica.com/south-africa-confident-of-better-economic-relations-with-us-despite-diplomatic-tensions/

For the year ended March 2024, the group grew revenue by 3.6% year-on-year to R18.6 billion, while headline earnings per share increased by 17.4% to 743 cents.  Premier Group will release its results for the financial year ending 31 March 2025 on or about 10 June.