Rising feed costs clip Astral’s wings
The poultry producer also says strikes and 'disappointing' consumer spending have taken a bite out of its profit margins
10 October 2019 - 13:40
Astral Foods, SA’s largest poultry producer, said on Thursday that rising feed costs and disappointing consumer spending patterns would crop its earnings in the year to end June.
Headline earnings per share (HEPS) were expected to be not more than 60% down on the prior comparative period, the company said, having experienced higher maize prices due to the smaller crop in its 2019 year...
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