In brief Commodities & Fairtrade South Africa

Subscribe & Follow

Advertise your job vacancies

    Elections 2024

    Dawie Roodt returns with some in depth economic analysis regarding the GNU and its future!

    Dawie Roodt returns with some in depth economic analysis regarding the GNU and its future!

    sona.co.za

    Search jobs

    Astral H1 diluted HEPS jump 159% to R9.99

    Astral Foods (ARL) has realised a 159% spike in half-year headline earnings per share to R9.99 as profits in its poultry segment normalised after a difficult few years.

    The poultry producer said on Monday that increased broiler sales volumes also boosted the results for the six months to March.

    Revenue was up by 22.4% to R5.75bn‚ mostly contributed by the increased poultry sales while operating profit jumped 158.4% to R550m.

    Operating profit in the poultry division rose 681% to R350.90m while that of feed unit rose 18% to R185.72m.

    Astral‚ along with its competitors‚ has benefited from last year's decline in maize prices‚ as well as the import protection measures.

    The interim dividend was up 188% to 575c a share from a year ago.

    The stock was up 1.49% to R183.90 in early trade‚ valuing the company at R7.8bn.

    Source: BDpro

    Let's do Biz