Astral Foods expects 300% profit leap off low base
New year gets off to positive start with lower feeding costs
SA’s biggest poultry producer, Astral Foods, says it expects its profit to bounce back at least 300% in the six months to end-March, benefiting from the low base of the matching period a year ago, when the frequency and higher stages of load-shedding wreaked havoc on its operations.
Its headline earnings per share will probably rebound to R6.54 in the reporting period from R1.62 a year earlier...
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