Astral slashes interim dividend as earnings fall

Poultry producer Astral Foods has cut its half-year dividend by 53% after higher costs and lower selling prices dented profits.

The company said on Monday it will pay an interim dividend of R4.75 a share, versus R10 a year before. The group said poultry imports remain high, equating to about 38% of local production, or an average of 41,771 tons a month.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Steinhoff falls 15% as market reacts to glum 2017 earnings reportThe Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday. Fin24 Seriously? Thought this shitstock Steinhoff was on 0 already? Buying this now is like voting for the ANC.
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »

Vodacom earnings fall 6.6% on black share schemeOne of South Africa's biggest mobile phone operator Vodacom reported a 6.6% drop in full-year earnings due to one-off costs related to a share scheme offered to black investors.
Herkunft: TimesLIVE - 🏆 28. / 59 Weiterlesen »

BUSINESS MAVERICK: Investor’s dalliance with dividendsThe appeal of the money-making proposition seems simple and safe: invest in the highest dividend-paying company and sit back and relax, while your monthly cheques roll in. But no. In ensuring a consistent and continuous income stream you’ll have to dig much deeper than that.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »