Rhodes Food Group Holdings Limited reported turnover results for the five month period ended February 2018. The group turnover for the five month period ended February 2018 increased by 16.2%, with organic growth of 5.5%.

The company provided earnings guidance for the six months ending April 1, 2018. For the six months, the company expects headline earnings to be in the range of ZAR 72.0 million to ZAR 84.6 million, earnings per share to be in the range of 27.8 cents to 33.0 cents, headline earnings per share to be in the range of 28.3 cents to 33.6 cents and diluted headline earnings per share to be in the range of 27.2 cents to 32.4 cents. The group's earnings for the six months ending 1 April 2018 will be negatively affected by the following factors: As outlined above, increased canned fruit product costs and the foreign exchange impact which have had a material impact on the profitability of international and are expected to contribute to the segment posting a loss for the first half; Interest payments which are expected to be between ZAR 18 million and ZAR 20 million higher than the prior period, relating mainly to the funding for the acquisition of Ma Baker and the increased capital investment programme; Once-off costs of approximately ZAR 10 million relating to the Ma Baker integration and the final relocation of Alibaba Foods to the RFG Ready Meals facility at Groot Drakenstein.