/ 16 November 1999

RAINBOW FALLS ON POOR RESULTS

SHARES in poultry company Rainbow Chicken fell sharply on Thursday after it announced poor interim results and said that it does not expect a return to profit for the full year. The broiler chicken company on Wednesday posted a 17 cents headline loss per share for the six months to September 30 compared to the previous interim result of a 4,2 cents loss. Rainbow said that local economic conditions have not significantly improved and there are indications that trading will be difficult over the next six months.