COMPANY COMMENT
Astral in for a tricky 2021 as consumers battle
Company is expected to raise prices next year and consumers will find that hard to swallow
16 November 2020 - 20:30
While Astral Foods’ financial results for the year to September were fair given that it is operating in a recessionary environment worsened by the lockdown, investors might be in for a very difficult 2021.
Astral managed to pay a final dividend of R7.75 for the year, having not paid an interim dividend. Investors were pleased and in early trade the company's share price climbed as much as 5% before closing 1.67% higher at R131.87...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.