Astral to report first loss since listing
Facing relentless load-shedding and SA’s worst-ever avian flu outbreak, the poultry producer expects a headline loss of up to 1,808c per share
Astral Foods, SA’s largest chicken producer, will report its first ever annual loss since listing in 2001 after it spent R1.9bn on load-shedding related costs including feeding birds it could not slaughter on time.
Its share price ended the day 10.98% lower at R154, its biggest one-day loss since October 2022...
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