Astral Food rebounds from bird flu outbreak and reports an operating profit increase of 461% to R550-million
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GUEST – Gary Arnold – Astral Group Chief Operating Officer
Astral Foods has reported interim earnings at the upper end of guidance as it put a devastating bird flu outbreak behind it and benefitted from load shedding improvements and reduced diesel costs.
SA’s largest poultry producer had flagged a more than fivefold increase in headline earnings per share of between 435% and 445% in April, but Monday’s results for the half year to 31 March saw it delivering a 441% increase in basic headline earnings per share to 884c.
Astral Foods has reported interim earnings at the upper end of guidance as it put a devastating bird flu outbreak behind it and benefitted from load shedding improvements and reduced diesel costs.
SA’s largest poultry producer had flagged a more than fivefold increase in headline earnings per share of between 435% and 445% in April, but Monday’s results for the half year to 31 March saw it delivering a 441% increase in basic headline earnings per share to 884c.
