Astral’s earnings update points to brighter second half

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Astral’s earnings update points to brighter second half 🔒

Astral, SA's largest poultry producer, says its annual results for the 12 months to end-September will be 25% lower than the previous year, mainly as a result of higher input costs.

Maize and soya, which are used in animal feed, have risen steadily over the past 18 months due to increased demand in China. But local food producers have struggled to pass on these costs to embattled consumers who are simply cutting expenditure...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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