Astral Foods expects its headline earnings per share to jump to between 874 cents and 891 cents for the six months ended 31 March 2024, according to a Sens trading statement posted on the JSE on Monday morning. In the corresponding half-year period in 2023, Heps came in at 163 cents per share. The expected improvement is thanks to fewer hours of load shedding and a recovery from the devastating effects of bird flu in last year.
Last year, the group recorded an operating loss of R621 million for the full year ended September 2023. This was the first loss in the company’s 23-year history. Read: First loss in Astral’s history
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