Astral confident interim EPS will rise by 365%
Integrated poultry producer Astral Foods expects to deliver another robust set of results for the six months ending March 31, notwithstanding the backdrop of constrained consumer spending in South Africa.
In a voluntary trading update issued on March 18, Astral says it is experiencing strong demand for poultry products, which has allowed the company to increase broiler production volumes.
Poultry selling prices are also recovering following a prolonged period of selling price deflation in 2024.
On the back of the higher broiler production volumes, Astral’s feed division benefitted from in increase in internal poultry feed sales, as well as growth in external feed sales.
The company expects to report an improvement in poultry margins owing to favourable feed input costs released on lower commodity prices.
Astral continues to have a well-controlled cost base overall, which, coupled with food farming performances and no significant business disruptions, will result in an earnings per share (EPS) increase of at least 365% to R21.95 for the six months to end-March.
This compares with the EPS of R4.72 reported for the first half of the prior financial year.
Headline earnings per share (HEPS) will increase by at least 435% to R21.88, compared with HEPS of R4.09 in the prior comparable period.
Astral’s balance sheet remains in a healthy position as a result of the improved financial performance and prudent cash management.
The company will release a further trading statement in April, providing the requisite EPS and HEPS ranges that it is likely to report for the interim period.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
