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South Africa's Pioneer Foods H1 earnings down on maize shortfall

JOHANNESBURG, May 20 (Reuters) - South Africa's Pioneer Food Group reported a decline in half-year earnings on Monday, driven down by maize shortages.

Diluted adjusted headline earnings per share (HEPS)for the six months ended March 31 fell 14% to 272.4 cents from 320 cents a year earlier, the food and beverage company said.

HEPS is the main profit measure used in South Africa, which strips out once-off items.

Pioneer issued a dividend of 105 cents per share for the six month ended 31 March 2019 (Reporting by Onke Ngcuka, editing by Louise Heavens)

2019-05-20 08:38:48

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