Western Cape-based poultry group Quantum Foods has flagged a fall in headline profit in at least one quarter of its 2021 year, hit by an outbreak of avian influenza, aggressive competition and rising feed costs.

Headline earnings per share, a widely used profit measure that excludes certain one-off items, is expected to fall between 27% and 42% in the year ending September, a profit cut of up to R65m for a group valued at R1.17bn on the JSE...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now