Tiger Brands FY profit ticks up in weak economy

Tiger Brands, South Africa’s biggest consumer foods maker, on Monday reported a 1.6% rise in full-year profit as it refocuses on its slow-growing home market after a costly foray into the rest of Africa. Tiger Brands reported headline earnings per share (EPS) of 2 161 cents for the year to end-September, compared with 2 127.1 cents a year ago. Revenue rose 2% to R31.3-billion ($2.22-billion).