{"id":829,"date":"2014-10-17T10:24:26","date_gmt":"2014-10-17T08:24:26","guid":{"rendered":"http:\/\/www.remgro.com\/ar2015\/?page_id=829"},"modified":"2015-10-19T19:02:33","modified_gmt":"2015-10-19T17:02:33","slug":"food-liquor-home-care","status":"publish","type":"page","link":"https:\/\/www.remgro.com\/ar2015\/index.php\/reports-to-shareholders\/investment-reviews\/food-liquor-home-care\/","title":{"rendered":"Food, liquor and home care"},"content":{"rendered":"<div class=\"table-responsive\">\r\n<table class=\"investment_table\" border=\"0\" width=\"100%\">\r\n<tbody>\r\n<tr>\r\n\r\n<td class=\"empty\" valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\" width=\"15%\"><\/td>\r\n<td valign=\"bottom\" width=\"15%\"><\/td>\r\n<td valign=\"bottom\" width=\"2%\"><\/td>\r\n<td class=\"tablelastcol\" valign=\"bottom\" width=\"1%\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"tablecopy borderbb1 tablecopyuc\" valign=\"bottom\">contribution to headline earnings<\/td>\r\n<td class=\"figboldhead borderlg1 borderrg1\" valign=\"bottom\">30&nbsp;June<br>2015<br>\r\nR&nbsp;million<\/td>\r\n<td class=\"figreghead borderrg1\" valign=\"bottom\">30&nbsp;June<br>2014<br>\r\nR&nbsp;million<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td class=\"tablelastcol\" valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"tablecopy\" valign=\"bottom\">Unilever South Africa<\/td>\r\n<td class=\"figbold borderlg1\" valign=\"bottom\">331<\/td>\r\n<td class=\"figreg borderlg1 borderrg1\" valign=\"bottom\">347<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td class=\"tablelastcol\" valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\" tablecopy\" valign=\"bottom\">Distell<\/td>\r\n<td class=\" figbold borderlg1\" valign=\"bottom\">445<\/td>\r\n<td class=\" figreg borderlg1 borderrg1\" valign=\"bottom\">495<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td class=\"tablelastcol\" valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\" tablecopy\" valign=\"bottom\">RCL Foods<\/td>\r\n<td class=\" figbold  borderlg1\" valign=\"bottom\">755<\/td>\r\n<td class=\" figreg  borderlg1 borderrg1 bra\" valign=\"bottom\">(239)<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td class=\"tablelastcol\" valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"borderbg1 tablecopy\" valign=\"bottom\">TSB*<\/td>\r\n<td class=\"borderbg1 figbold  borderlg1\" valign=\"bottom\">\u2013<\/td>\r\n<td class=\"borderbg1 figreg  borderlg1 borderrg1\" valign=\"bottom\">192<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td class=\"tablelastcol\" valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td valign=\"bottom\"><\/td>\r\n<td class=\"figbold borderbg2 tablecopy borderlg1\" valign=\"bottom\">1 531<\/td>\r\n<td class=\"figreg borderbg2  borderlg1 borderrg1\" valign=\"bottom\">795<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td class=\"tablelastcol\" valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"empty\" valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td class=\"tablelastcol\" valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<div class=\"table-responsive\">\r\n<table border=\"0\" width=\"100%\">\r\n<tbody>\r\n<tr>\r\n<td rowspan=\"8\" valign=\"top\">* Acquired by RCL Foods during January 2014.<\/td>\r\n<td valign=\"bottom\" width=\"15%\"><\/td>\r\n<td valign=\"bottom\" width=\"15%\"><\/td>\r\n<td valign=\"bottom\" width=\"2%\"><\/td>\r\n<td valign=\"bottom\" width=\"1%\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<div class=\"spacer\"><\/div>\r\n<div class=\"osc-res-tab tabbable   osc-tabs-left\"><div style=\"clear:both;width: 100%;\"><ul class=\"nav osc-res-nav nav-tabs osc-tabs-left-ul\" id=\"oscitas-restabs-1-food-liquor-home-care-54847\"><li class=\"active\"><a href=\"#ert_pane1-0\" data-toggle=\"tab\">Unilever<\/a><\/li><li class=\"\"><a href=\"#ert_pane1-1\" data-toggle=\"tab\">Distell<\/a><\/li><li class=\"\"><a href=\"#ert_pane1-2\" data-toggle=\"tab\">RCL Foods<\/a><\/li><\/ul><\/div><div style=\"clear:both;width: 100%;\"><ul class=\"tab-content\" id=\"oscitas-restabcontent-1-food-liquor-home-care-54847\"><li class=\"tab-pane active\" id=\"ert_pane1-0\"><img decoding=\"async\" class=\"investment-pics\" src=\"http:\/\/remgro.com\/wp-content\/themes\/remgro\/images\/2015\/ir2015\/p34_2.jpg\" alt=\"\" border=\"0\" \/>\r\n\r\n<strong>Profile<\/strong>\r\n\r\n<p class=\"lead\">Unilever South Africa manufactures and markets an extensive range of food and home and personal care products, while enjoying market leadership in most of its major categories. Well-known brands include <em>Robertsons<\/em>, <em>Rama<\/em>, <em>Flora<\/em>, <em>Lipton<\/em>, <em>Joko<\/em>, <em>Sunlight<\/em>, <em>Omo<\/em>, <em>Surf<\/em>, <em>Vaseline<\/em> and\u00a0<em>Lux<\/em>.<\/p>\r\n<div class=\"table-responsive\">\r\n<table border=\"0\" width=\"100%\">\r\n<tbody>\r\n<tr>\r\n<td class=\"tableheadgrey\" valign=\"top\" width=\"30%\">CORPORATE INFORMATION<\/td>\r\n<td class=\"tableheadgreyC borderlrw\" valign=\"top\" width=\"\">FINANCIAL HIGHLIGHTS<\/td>\r\n<td class=\"tableheadgrey\" valign=\"top\" width=\"33%\">SUSTAINABILITY MEASURES<\/td>\r\n<\/tr>\r\n<tr>\r\n<td valign=\"top\">\r\n<p class=\"tablecopyblue\">Equity valuation at 30 June 2015<\/p>\r\n<p>R33 739 million<\/p>\r\n<p class=\"tablecopyblue\">Unlisted<\/p>\r\n<br \/>\r\n<p class=\"tablecopyblue\">Chief Executive Officer<\/p>\r\n<p>P Cowan<\/p>\r\n<p class=\"tablecopyblue\">Remgro nominated directors<\/p>\r\n<p>J J Durand, J J du Toit<\/p>\r\n<p class=\"tablecopyblue\">Website<\/p>\r\n<p><a href=\"http:\/\/www.unilever.co.za\" target=\"_blank\">www.unilever.co.za<\/a><\/p><\/td>\r\n<td class=\"borderlrb\" valign=\"top\"><p>Unilever South Africa is a private company and its detailed financial information is not disclosed due to restrictions on disclosure as agreed amongst its shareholders.<\/p><\/td>\r\n<td valign=\"top\">\r\n<p class=\"tablecopyblue\">CSI\/Training spend<\/p>\r\n<p>R7.4 million<\/p>\r\n<p class=\"tablecopyblue\">Number of employees<\/p>\r\n<p>3 401<\/p>\r\n<p class=\"tablecopyblue\">BBBEE status<\/p>\r\n<p>Level 6<\/p>\r\n<p class=\"tablecopyblue\">Environmental aspect<\/p>\r\n<p>Scope 1 and 2 emissions of\u00a0146&nbsp;365&nbsp;tonnes&nbsp;CO<sub>2<\/sub>e<\/p><\/td>\r\n<\/tr>\r\n<tr class=\"borderbg1\">\r\n<td class=\"\" valign=\"top\"><\/td>\r\n<td valign=\"top\"><\/td>\r\n<td valign=\"top\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<div class=\"spacer\"><\/div>\r\n<p class=\"Investment-reviews_Investment-blue-caps-bold\">Unilever South Africa Holdings PROPRIETARY Limited (Unilever South Africa)<\/p>\r\n<p class=\"Body-text\">Unilever South Africa has a 31 December year-end, but its results for the twelve months to 30\u00a0June\u00a02015 have been equity accounted in Remgro\u2019s results for the year under review. Unilever South Africa\u2019s contribution to Remgro\u2019s headline earnings for the year under review decreased by 5% to R331\u00a0million (2014: R347\u00a0million) due to the weak economic environment combined with aggressive competitor activities and the investment in brands and restructuring costs.<\/p>\r\n<p class=\"Body-text\">Unilever South Africa\u2019s restructuring costs for the twelve months under review amounted to R288\u00a0million (2014: R225\u00a0million) driven by investments for the Boksburg Liquid factory and the construction of the Ice Cream Factory in order to drive cost efficiencies.<\/p>\r\n<p class=\"Body-text\">Unilever South Africa\u2019s net profit for the twelve months to 30 June 2015 decreased to R1\u00a0246\u00a0million (2014: R1\u00a0764\u00a0million). The results of the previous year includes a non-recurring profit of R490\u00a0million on the disposal of warehouses.<\/p><\/li><li class=\"tab-pane \" id=\"ert_pane1-1\"><img decoding=\"async\" class=\"investment-pics\" src=\"http:\/\/remgro.com\/wp-content\/themes\/remgro\/images\/2015\/ir2015\/p35_1.jpg\" alt=\"\" border=\"0\" \/>\r\n\r\n<strong>Profile<\/strong>\r\n\r\n<p>Distell produces and markets fine wines, spirits and flavoured alcoholic beverages in South Africa and internationally.<\/p>\r\n<div class=\"table-responsive\">\r\n<table border=\"0\" width=\"100%\">\r\n<tbody>\r\n<tr>\r\n<td class=\"tableheadgrey\" valign=\"top\" width=\"30%\">CORPORATE INFORMATION<\/td>\r\n<td class=\"tableheadgreyC borderlrw\" valign=\"top\" width=\"\">FINANCIAL HIGHLIGHTS<\/td>\r\n<td class=\"tableheadgrey\" valign=\"top\" width=\"33%\">SUSTAINABILITY MEASURES<\/td>\r\n<\/tr>\r\n<tr>\r\n<td  valign=\"top\">\r\n<p class=\"tablecopyblue\">Market cap at 30 June 2015<\/p>\r\n<p>R37 023 million<\/p>\r\n<p class=\"tablecopyblue\">Listed on the JSE Limited<\/p>\r\n&nbsp;\r\n<p class=\"tablecopyblue\">Chief Executive Officer<\/p>\r\n<p>R M Rushton<\/p>\r\n<p class=\"tablecopyblue\">Remgro nominated director<\/p>\r\n<p>J J Durand<\/p>\r\n<p class=\"tablecopyblue\">Website<\/p>\r\n<p><a href=\"http:\/\/www.distell.co.za\" target=\"_blank\">www.distell.co.za<\/a><\/p><\/td>\r\n<td class=\"borderlrb\"  valign=\"top\">\r\n<table border=\"0\" width=\"100%\">\r\n<tbody>\r\n<tr>\r\n<td rowspan=\"7\" width=\"2%\"><\/td>\r\n<td class=\"empty\" valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\" width=\"30%\"><\/td>\r\n<td valign=\"bottom\" width=\"30%\"><\/td>\r\n<td valign=\"bottom\" width=\"2%\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"tablecopy borderbb1 tablecopyuc\" valign=\"bottom\"><\/td>\r\n<td class=\"figboldhead borderlg1 borderrg1\" valign=\"bottom\">Year<br>ended<br>30&nbsp;June<br>2015<br>R&nbsp;million<\/td>\r\n<td class=\"figboldhead borderrg1\" valign=\"bottom\">Year<br>ended<br>30&nbsp;June<br>2015<br>%<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"tablecopy\" valign=\"bottom\">Revenue<\/td>\r\n<td class=\"figbold borderlg1\" valign=\"bottom\">19 589<\/td>\r\n<td class=\"figbold borderlg1 borderrg1\" valign=\"bottom\">+10<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\" tablecopy\" valign=\"bottom\">Operating profit<\/td>\r\n<td class=\" figbold bra borderlg1\" valign=\"bottom\">2 129<\/td>\r\n<td class=\" figbold bra borderlg1 borderrg1\" valign=\"bottom\">\u20132<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\" tablecopy borderbg1\" valign=\"bottom\">Normalised headline earnings<\/td>\r\n<td class=\" figbold borderbg1 borderlg1\" valign=\"bottom\">1 443<\/td>\r\n<td class=\" figbold borderbg1 borderlg1 borderrg1\" valign=\"bottom\">+6<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/td>\r\n<td  valign=\"top\">\r\n<p class=\"tablecopyblue\">CSI\/Training spend<\/p>\r\n<p>R16.6 million<\/p>\r\n<p class=\"tablecopyblue\">Number of employees<\/p>\r\n<p>5 520<\/p>\r\n<p class=\"tablecopyblue\">BBBEE status<\/p>\r\n<p>Level 5<\/p>\r\n<p class=\"tablecopyblue\">Environmental aspect<\/p>\r\n<p>Scope 1 and 2 emissions of 159&nbsp;787&nbsp;tonnes&nbsp;CO<sub>2<\/sub>e<\/p><\/td>\r\n<\/tr>\r\n<tr class=\"borderbg1\">\r\n<td class=\"\"><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<div class=\"spacer\"><\/div>\r\n<p class=\"Investment-reviews_Investment-blue-caps-bold\">Distell Group Limited (Distell)<\/p>\r\n<p class=\"Body-text\">Distell has a June year-end and therefore its results for the twelve months ended 30\u00a0June\u00a02015 have been included in Remgro\u2019s results for the year under review. Distell\u2019s contribution to Remgro\u2019s headline earnings for the year under review, which includes Remgro\u2019s indirect interest in Distell held through Capevin Holdings Limited, decreased by 10% to R445\u00a0million (2014: R495\u00a0million).<\/p>\r\n<p class=\"Body-text\">Distell reported for its year ended 30 June 2015 that turnover grew by 10% to R19 589\u00a0million (2014: R17\u00a0740\u00a0million) on a sales volume increase of 5.7%. Sales volume in the South African market increased by 6.7%, while revenue increased by 11.8%. International sales volumes, including Africa, decreased by 5.5% while revenue from this segment increased by 3.8%, benefiting from a weaker rand. Sub-Saharan African markets, excluding South Africa, contributed 51.4% to international revenue and continued to deliver strong results as volumes grew across all categories, despite the slower economic growth in the region.<\/p>\r\n<p class=\"Body-text\">Distell\u2019s reported headline earnings for its year ended 30\u00a0June\u00a02015 decreased by 5.2% to R1\u00a0435\u00a0million (2014: R1\u00a0514\u00a0million). The decrease is mainly attributable to the accounting for a remeasurement of R159\u00a0million of the contingent purchase consideration payable on the acquisition of Burn Stewart Distillers Limited during the previous year. Normalised headline earnings, which exclude the impact of the aforementioned once-off item during the previous year was 6.5% higher at R1\u00a0443\u00a0million (2014: R1\u00a0355\u00a0million) as a result of the growth in revenue and efficiency improvement across the business.<\/p>\r\n<p class=\"Body-text\">Investments have been made to support the corporate strategy, improve pricing relative to key competitors and support the group\u2019s capability to grow in Africa and select international markets in order to enhance the competitiveness of the group for delivery of sustainable revenue and profit growth over the longer term.<\/p><\/li><li class=\"tab-pane \" id=\"ert_pane1-2\"><img decoding=\"async\" class=\"investment-pics\" src=\"http:\/\/remgro.com\/wp-content\/themes\/remgro\/images\/2015\/ir2015\/p36_1.jpg\" alt=\"\" border=\"0\" \/>\r\n\r\n<strong>Profile<\/strong>\r\n\r\n<p>RCL Foods is a holding company with interests in diversified food businesses, which include Rainbow Chicken, Foodcorp, TSB Sugar and Zam Chick, as well as integrated logistics operations through Vector Logistics.<\/p>\r\n<div class=\"table-responsive\">\r\n<table border=\"0\" width=\"100%\">\r\n<tbody>\r\n<tr>\r\n<td class=\"tableheadgrey\" valign=\"top\" width=\"30%\">CORPORATE INFORMATION<\/td>\r\n<td class=\"tableheadgreyC borderlrw\" valign=\"top\" width=\"\">FINANCIAL HIGHLIGHTS<\/td>\r\n<td class=\"tableheadgrey\" valign=\"top\" width=\"33%\">SUSTAINABILITY MEASURES<\/td>\r\n<\/tr>\r\n<tr>\r\n<td  valign=\"top\">\r\n<p class=\"tablecopyblue\">Market cap at 30 June 2015<\/p>\r\n<p>R16 053 million<\/p>\r\n<p class=\"tablecopyblue\">Listed on the JSE Limited<\/p>\r\n&nbsp;\r\n<p class=\"tablecopyblue\">Chief Executive Officer<\/p>\r\n<p>M Dally<\/p>\r\n<p class=\"tablecopyblue\">Remgro nominated directors<\/p>\r\n<p>H J Carse, J J Durand, P R Louw<\/p>\r\n<p class=\"tablecopyblue\">Website<\/p>\r\n<p><a href=\"http:\/\/www.rclfoods.com\" target=\"_blank\">www.rclfoods.com<\/a><\/p><\/td>\r\n<td class=\"borderlrb\"  valign=\"top\">\r\n<table border=\"0\" width=\"100%\">\r\n<tbody>\r\n<tr>\r\n<td rowspan=\"8\" width=\"2%\"><\/td>\r\n<td class=\"\" valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\" width=\"30%\"><\/td>\r\n<td valign=\"bottom\" width=\"30%\"><\/td>\r\n<td valign=\"bottom\" width=\"2%\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"tablecopy borderbb1 tablecopyuc\" valign=\"bottom\"><\/td>\r\n<td class=\"figboldhead borderlg1 borderrg1\" valign=\"bottom\">Year<br>\r\nended<br>\r\n30 June<br>\r\n2015<br>\r\nR million<\/td>\r\n<td class=\"figboldhead borderrg1\" valign=\"bottom\">Year<br>\r\nended<br>\r\n30 June<br>\r\n2015<br>\r\n%<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"tablecopy\" valign=\"bottom\">Revenue<\/td>\r\n<td class=\"figbold borderlg1\" valign=\"bottom\">23 428<\/td>\r\n<td class=\"figbold borderlg1 borderrg1\" valign=\"bottom\">+19<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\" tablecopy\" valign=\"bottom\">Operating profit<\/td>\r\n<td class=\" figbold bra borderlg1\" valign=\"bottom\">1 452<\/td>\r\n<td class=\" figbold bra borderlg1 borderrg1\" valign=\"bottom\">+172<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\" tablecopy borderbg1\" valign=\"bottom\">Normalised headline earnings<\/td>\r\n<td class=\" figbold borderbg1 borderlg1\" valign=\"bottom\">972<\/td>\r\n<td class=\" figbold borderbg1 borderlg1 borderrg1\" valign=\"bottom\">Nm<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"footnote\" colspan=\"3\">Nm = Not meaningful<\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td class=\"footnote\" colspan=\"3\" valign=\"bottom\"><\/td>\r\n<td valign=\"bottom\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/td>\r\n<td  valign=\"top\">\r\n<p class=\"tablecopyblue\">CSI\/Training spend<\/p>\r\n<p>R51.1 million<\/p>\r\n<p class=\"tablecopyblue\">Number of employees<\/p>\r\n<p>20 479<\/p>\r\n<p class=\"tablecopyblue\">BBBEE status<\/p>\r\n<p>Level 5<\/p>\r\n<p class=\"tablecopyblue\">Environmental aspect<\/p>\r\n<p>Scope 1 and 2 emissions of\r\n1&nbsp;099&nbsp;668&nbsp;tonnes\u00a0CO<sub>2<\/sub>e<\/p><\/td>\r\n<\/tr>\r\n<tr class=\"borderbg1\">\r\n<td class=\"\"><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<div class=\"spacer\"><\/div>\r\n<p class=\"Investment-reviews_Investment-blue-caps-bold\">RCL FOODS Limited (RCL FOODS)<\/p>\r\n<p class=\"Body-text\">For the year ended 30\u00a0June\u00a02015, the reported headline earnings of RCL Foods amounted to R972\u00a0million (2014: headline loss of R303\u00a0million). In the previous year, the results of RCL Foods were materially impacted by the following once-off items:<\/p>\r\n\r\n<ul>\r\n\t<li class=\"WEB-styles_Bullet-1\">Material foreign exchange losses on the early redemption of Foodcorp\u2019s euro-denominated debt;<\/li>\r\n\t<li class=\"WEB-styles_Bullet-1-last\">Non-recurring BEE costs relating to its BEE restructuring; and<\/li>\r\n\t<li class=\"WEB-styles_Bullet-1-last\">Transaction costs relating to the various corporate actions.<\/li>\r\n<\/ul><br>\r\n<p class=\"Body-text\">Remgro\u2019s share of the headline earnings of RCL Foods amounted to R755\u00a0million (2014: loss of R239\u00a0million) for the year under review.<\/p>\r\n<p class=\"Body-text\">The increase of 134% in pro forma comparable headline earnings of RCL Foods from R415\u00a0million to R972\u00a0million is mainly as a result of better operational performances from Rainbow and the inclusion of Tsb Sugar\u2019s results for the full 12\u00a0months.<\/p>\r\n<p class=\"Body-text\">RCL Foods\u2019 total revenue for the year under review increased by 20% to R23\u00a0428\u00a0million (2014: R19\u00a0501\u00a0million) mainly due to the inclusion of a full 12\u00a0months of revenue from TSB amounting to R6\u00a0134\u00a0million (2014: R2\u00a0482\u00a0million for the six\u00a0months to 30\u00a0June\u00a02014). Foodcorp\u2019s contribution to revenue decreased slightly to R7\u00a0520\u00a0million (2014: R7\u00a0549\u00a0million) and the revenue of the chicken business (Rainbow) increased by 4% to R9\u00a0078\u00a0million (2014: R8\u00a0733\u00a0million). TSB\u2019s contribution to operating profit before depreciation and amortisation (EBITDA) increased to R505\u00a0million (2014: R137\u00a0million for the six months since acquisition) while Rainbow and Foodcorp, contributed R774\u00a0million (2014: R204\u00a0million) and R743\u00a0million (2014: R721\u00a0million) respectively. The increase in EBITDA from Rainbow is largely attributable to a better balanced market of supply and demand due to Rainbow\u2019s reduction in exposure to commodity lines and closure of less efficient local suppliers, despite im\u00adport volumes remaining at similar levels to that of previous years. EBITDA from Vector, the logistics operations of RCL Foods, increased by 4%\u00a0to R206\u00a0million (2014: R199\u00a0million). This reflects strong operating cash generation by all business units.<\/p>\r\n<p class=\"Body-text\">RCL Foods continues to explore food sector opportunities in strategic growth markets in South Africa and sub-Saharan Africa to build a diversified food business of scale with compelling brands that meet consumer needs.<\/p><\/li><\/ul><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>contribution to headline earnings 30&nbsp;June2015 R&nbsp;million 30&nbsp;June2014 R&nbsp;million Unilever South Africa 331 347 Distell 445 495 RCL Foods 755 (239) TSB* \u2013 192 1 531 795 * Acquired by RCL Foods during January 2014.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":448,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-full-width.php","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Food, liquor and home care - Remgro Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.remgro.com\/ar2015\/index.php\/reports-to-shareholders\/investment-reviews\/food-liquor-home-care\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Food, liquor and home care - 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