Analyst welcomes Quantum Foods’ resilience after it declares dividend
Egg prices decline sharply, but the company keeps faith with its balance sheet, says Anthony Clark
21 May 2020 - 12:27
Western Cape-based poultry and animal feeds business Quantum Foods says a bigger-than-expected fall in egg prices weighed on its first-half performance, with the group cutting its interim dividend by a quarter.
Egg prices declined sharply, by 7.4%, in the six months to end-March, and the group had been expecting oversupply to weigh on profit margins...
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