Tiger Brands reports 17% decline in full year earnings despite growth in revenue

SOUTH AFRICA – Tiger Brands, JSE listed packaged food processor has reported a 17% decline in its headline earnings per share for the year ended 30 September 2019 to 1 349c, compared to 1 633c reported in 2018. HEPS is the main profit measure in South Africa and strips out certain one-off items. The company however managed to increase revenue by 3% to R29.2bn. Operating income declined 20% to R2.6bn, excluding the impact of the value-added meat products business, the group operating income would have only declined by 11% to…

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Tiger Brands reopens Enterprise polony facility as Listeria fight fades

SOUTH AFRICA – Packaged goods company, Tiger Brands has reopened its ready-to-eat meat processing facility, Enterprise Foods in Germiston, months after two of its factories were shut down on listeriosis outbreak. According to Business Day, the company said it is likely to open its other facility in Polokwane once it completes refurbishments as well as assessments with the health department in November. The facilities were closed early this year when the health minister Aaron Motsoaledi announced in March that listeria strain was found at Tiger Brands’ Polokwane processed meat factory.…

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Clover’s annual profit more than triples after a US$29m impairment in DFSA

SOUTH AFRICA – Clover Industries has reported that normalized annual profit more than tripled following the exit from the dairy business, Dairy Farmers of SA (DFSA) in which it recorded US$29 million impairment relating to a revolving credit loan given to the subsidiary. Normalised headline earnings per share (HEPS) rose to 206.9 cents for the year ended 30 June 2018, compared with 63.9 cents for the same period last year. Last year’s financial results were affected by severe drought but the period’s profits were boosted by recovery from drought and…

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Greenyard reopens Hungarian facility after finding root cause of Listeria

BELGIUM – Greenyard, one of the largest suppliers of fruit and vegetables in the world, has announced the restart of production in its Hungarian facility, after it conducted an in-depth review and found the Listeria root cause. According to the company, Greenyard has found a persistent presence of Listeria monocytogenes in one of the freezing tunnels, and as a result, decided to close down that tunnel. The reopening of the facility has been reviewed by the authorities, and the reopening will be based on stringent release procedures. Greenyard is therefore…

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Health Minister declares listeriosis officially over, manufacturers to produce cold meat

SOUTH AFRICA – Health Minister Aaron Motsoaledi has announced that the country’s listeriosis outbreak, the worst ever in the world is officially over and that manufacturers across the country can now produce cold meat products. According to Business Day, the government has withdrawn advice against consuming ready-to-eat processed meat products and the Enterprise factory in Limpopo, identified as the source of the outbreak, could reopen in October. The minister indicated that there were no new cases of the virus being reported in the past three months. Motsoaledi   also said that…

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Neogen’s one-hour listeria test kit Listeria Right Now receives AOAC approval

USA – Neogen’s environmental pathogen detection system, Listeria Right Now has received official approval from AOAC, an internationally recognized scientific association. It is a complete system for taking environmental Listeria tests with molecular-level accuracy that requires no enrichment, so there’s no need for processors to grow bacteria cultures on-site. Validated by AOAC and NSF International, the technology allows food production and processing facilities to seek and eliminate Listeria more quickly, which can reduce the risk of cross-contamination of food products, keeping consumers safe. The system provides results in under one…

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Tiger Brands full-year profit fall by 37% after Listeriosis outbreak aftermath

SOUTH AFRICA – Tiger Brands Ltd., a South African packaged goods company, has said that its full-year profit fell as much as 37% after one of its plants was blamed for South Africa’s listeriosis outbreak. According to Bloomberg, the company shares dropped by 9.8%, the most since March 5, the day after the South African government identified a Tiger Brands factory as the source of the outbreak that has killed more than 200 people. The company recalled products and suspended factories in response. Full-year earnings were affected by a challenging…

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UAE recalls frozen vegetables and fruit linked to listeria outbreak

ASIA- The United Arab Emirates (UAE) Ministry of Climate Change and Environment (MOCCAE) will withdraw frozen vegetables and fruit products following a warning issued by the European Union on possible outbreak of listeriosis. The products were produced by Greenyard Frozen Company, a Belgium-based fresh, frozen and prepared fruit and vegetables firm. The nine items on the recall list mainly comprised mixed vegetables, “American mix”, and sweet corn. “The decision underscores the Ministry’s commitment to protecting food safety and safeguarding consumers from adulterated and misbranded foods, in coordination with relevant authorities…

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New York based food processors halts food production on food safety violations

USA – New York food processors, Euroline Foods LLC and Royal Seafood Baza who jointly own a food processing facility have agreed to stop food preparation operations due to a possible Listeria contamination at the facility. A statement by the US Food and Drug Administration (FDA) said since the facility’s food preparation areas were contaminated with Listeria monocytogenes (L. mono), production will stop until the companies complies with federal food safety laws and regulations. The food products include a variety of ready-to-eat foods and certain salt-cured and pickled fish. A…

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Greenyard reports US$35 million listeria-related product recall impact

BELGIUM – Belgian food company, Greenyard has reported that the first estimate on the financial impact from its recall of frozen products, potentially linked to an outbreak of the food-borne disease listeria in Europe, was estimated at US$35 million after insurance. According to Reuters, the company’s shares have fallen 38 percent since local media reports said that deaths due to a listeria outbreak could be linked to frozen vegetable products produced by Greenyard’s plant in Hungary. The reports of nine deaths were caused by a listeria infection in frozen foods…

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