RCL Profit Drops on Milling Writedown; Drought Hurts AgricultureBy
South Africa food producer says chicken, sugar units affected
Zambia unit profit, tax benefit curbs $48 million impairment
RCL Foods Ltd., South Africa’s largest chicken producer, said full-year profit probably fell as much as 80 percent after it wrote down $48 million in its milling business and the nation’s worst drought in more than a century hurt its sugar and poultry units.
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