Clover Industries has predicted a 20% rise in headline earnings per share for the six months to the end of December.
In a stock exchange statement, the South African dairy processor attributed the rise in profits to a lower marketing spend compared to last year, when the group invested heavily in supporting product launches. Clover added the bottom line was also boosted by higher selling prices in the period.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company said further details of its performance in the trading period would be issued at a later date, due to its reliance on seasonal sales.
