date:Mar 18, 2014
South African dairy and beverages maker Clover said on Monday it planned to re-enter certain local markets, putting on hold Africa expansion plans as it posted an almost doubling of interim earnings which were lifted by higher prices.
Clover, whose brands include Tropika juices, said headline earnings per share for the six months to December totaled 77.3 cents, a rise of 90 percent.
Headline earnings are the main profit gauge in South Africa and exclude certain one-off items.
The company said