Quantum Foods says earnings have been hit by falling egg prices
SA’s largest egg producer says earnings will fall at least 42% amid a supply increase in the local market
16 September 2019 - 11:48
Quantum Foods, the Western Cape-based poultry- and animal-feeds business, said on Monday that its full-year earnings to end-September would drop at least 42% due to falling egg prices.
Headline earnings per share (heps) were expected to be lower than the 95c per share in the prior comparative period, as egg prices recover from a national egg shortage that followed an outbreak of Avian influenza in 2017...
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