https://newsletter.en.creamermedia.com
Financial|Water|Operations
Financial|Water|Operations
financial|water|operations

Astral to post 465% rise in earnings as operations normalise

Astral Foods broiler house

Astral Foods broiler house

29th April 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Integrated poultry producer Astral Foods has advised that its earnings per share (EPS) for the six months ended March 31 will increase by between 465% and 475% year-on-year.

This will result in interim EPS of between 913c and 930c apiece, compared with EPS of 162c in the first half of the prior financial year.

Its headline earnings per share (HEPS) are also likely to increase by between 435% and 445% year-on-year to between 874c and 891c apiece, against HEPS of 163c in the prior comparable period.

Astral will release its interim results on May 20.

The improvement in EPS and HEPS follows a “devastating” set of results in the financial year ended September 30, with Astral having incurred its first-ever loss in 23 years.

The results reflected numerous headwinds, including costs related to loadshedding, water supply disruptions, record-high raw material input costs and a severe outbreak of Avian Influenza.

At one point, Astral’s cost to produce chicken exceeded the selling price by at least R2/kg.

The group has since been focused on normalising its operations and rebuilding its balance sheet.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.176 0.269s - 207pq - 2rq
Subscribe Now