Shares in Astral Foods initially surged more than 8% after SA’s largest poultry producer said it would report a more than fivefold increase in interim earnings, even more than it previously flagged in January.
The owner of Goldi and County Fair now expects headline earnings per share (HEPS) to rise by between 435% and 445% in its half-year to end March, having guided a rise of at least 300% in late January.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.