RCL Profit Drops on Milling Writedown; Drought Hurts Agriculture

  • 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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