Tiger Brands sees delay in Nigerian unit profitability

Tiger Brands Limited, South Africa’s biggest food producer, said its Nigerian unit would take as many as 12 months longer than expected to become profitable due to the weaker naira and falling oil price. The maker of Jungle Oats and Black Cat peanut butter reported an operating loss of 281.9 million rand ($24.2m) in Nigeria…

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Source : BusinessDay

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