RAINBOW News

Business Day reports RCL Foods surges on news its chicken unit is making money again

Follow the release of the RCL Foods 2022 Financial Results, Business Day reported that shares surged to their highest level in five months after the consumer foods maker said its chicken unit is back in the black and its logistics business has attracted buyout interest.

The shares climbed the most since February, up 9.52% to R11.50 on Monday to levels last seen in April, trimming losses so far in 2022 to less than 14%…

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