By Alec Hogg It has been a tough few years for R25bn a year RCL Foods. But there is enough in yesterday's results for the year to end June to keep the turnaround punters interested. Until the new dawn breaks, however, management is playing its part by trimming costs and tightening up working capital. RCL, which employs 20,000 people, was created through an amalgamation of the Remgro food businesses Rainbow Chickens and TSB Sugar, with bulk added through 2013's acquisition of Foodcorp (for R3.9bn ). Remgro owns 71% of the equity and the group has a market capitalisation of just under R15bn. Miles Dally, CEO, RCL Foods The financials for the year to end June are steady enough, but shareholders will have to continue exercising patience. After stripping out one-off distortions of the prior year, RCL's normalised headline earnings per share were little changed for 2017, a fact reflected in the same-again final dividend of 20c a share (to be paid on 23 October) making 30c for the full year.