Astral Foods has reported interim earnings at the upper end of guidance as it put a devastating bird flu outbreak behind it and benefitted from load shedding improvements and reduced diesel costs.
SA’s largest poultry producer had flagged a more than fivefold increase in headline earnings per share of between 435% and 445% in April, but Monday’s results for the half year to 31 March saw it delivering a 441% increase in basic headline earnings per share to 884c.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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Astral’s shares surge on bounce back in headline earningsPower generation costs come down and Avian flu is largely contained.
Source: Moneyweb - 🏆 5. / 77 Read more »