Astral Foods expects 300% profit leap off low base
New year gets off to positive start with lower feeding costs
31 January 2024 - 09:57
UPDATED 31 January 2024 - 20:17
SA’s biggest poultry producer, Astral Foods, says it expects its profit to bounce back at least 300% in the six months to end-March, benefiting from the low base of the matching period a year ago, when the frequency and higher stages of load-shedding wreaked havoc on its operations.
Its headline earnings per share will probably rebound to R6.54 in the reporting period from R1.62 a year earlier...
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