Astral to report higher EPS, HEPS following strong second-half earnings recovery
Integrated poultry producer Astral Foods expects to report a 7% to 17% increase in earnings per share (EPS) to between R20.96 and R22.91 for the financial year ended September 30, compared with the EPS of R19.59 reported for the 2024 financial year.
Headline earnings per share (HEPS) are also expected to increase by 5% to 15% to between R20.16 and R22.08, compared with the HEPS of R19.20 reported for the prior financial year.
Astral says the increases in EPS and HEPS have been driven by a strong recovery in the group's second-half earnings on the back of an increase in broiler slaughter numbers, together with higher poultry sales; an improvement in per-unit production costs as a result of the higher production volumes; improved poultry sales realisations following an extended period of price deflation; an increase in internal feed sales on the back of higher broiler production numbers; an increase in external feed sales; the sound procurement of key raw material inputs in a volatile commodity market; further improvement in poultry farming performances resulting in lower feeding costs, benefitted the broiler live cost; and a focus on Astral's best cost strategy, notwithstanding the impact of volume-related increases on variable expenses.
The poultry producer points out that the group had remained focused on rebuilding its balance sheet during the financial year, which enabled it to achieve a targeted surplus cash position.
Astral will publish its full-year results on November 17.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1982, Invincible Valves is a medium-sized enterprise in Germiston, serving global and local markets.
VISIT SHOWROOM
REELIN is Currently the largest supplier of Bearings to Transnet. We have contracts to supply bearings, draft gears slackadjusters and other...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
