Quantum Foods will report a loss as birdflu hits local poultry industry
Feed and poultry producer joins Astral Foods in issuing a warning
22 September 2023 - 10:27
Feed and poultry producer Quantum Foods became the second company in two days to warn that it will report a loss in its next results in part because of the bird flu crisis that is ravaging the country.
The company, valued at about R800m on the JSE, did not provide a definitive range in its trading statement on Friday as it plans to release another trading statement later, but warned that headline earnings per share (HEPS), a common profit measure in SA that excludes certain items, will be “at least” 100% lower, meaning Quantum will report a loss...
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.