Astral Foods warns of profit drop after Covid-19 disruption
The closure of many fast-food restaurants put pressure on Astral in its year to end-September, while it also faced increased safety costs
14 September 2020 - 10:20
UPDATED 14 September 2020 - 18:45
Poultry group Astral Foods has warned that profits will fall in its year to end-September after Covid-19 shut down fast-food restaurants and put pressure on selling prices.
It expects headline earnings per share (HEPS) to drop by not more than 25% compared with the 1,674c it reported previously, with the group also facing increased safety costs during the pandemic...
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.