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.

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