Astral Foods

HY Results: Revenue +4% to R10.4 bn, on better volumes. HEPS +441% to 884c (greater than middle of guidance). Operating Margins jumped to 5.3% (from -3.2%) as a result of less loadshedding. Poultry revenue rose +6.7%, due to improved volumes & sales prices. Group gearing was reduced to 10% (HY23: 26%).
Click here to read the SENS