WATCH: Why Astral’s profit slumped

Astral CEO Chris Schutte talks to Business Day TV about the group’s full-year results

Astral released its full-year numbers on Monday, reporting a 55% plunge in earnings due to the group’s poultry division being hit by higher feed costs. The company’s feed division, however, benefited from a rise in raw material prices, helping to boost revenue by 6.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: Why Netcare has warned shareholders about 2020Netcare CEO Richard Friedland talks to Business Day TV about the group’s plans
Read more »

Astral profits halve amid water disruptionsThe poultry producer suffered a production hit at its operation in Mpumalanga due to water disruptions
Read more »

Standerton water crisis costs Astral R2m a monthCrisis is so severe SA’s largest poultry producer is sourcing its own water
Read more »

Oil is steady as traders watch trade talksCrude market is flat as price consolidates after Friday’s big rally, analyst says
Read more »

WATCH: Stock pick — Blue Label TelecomsRobert Cameron from Thebe Stockbroking talks to Business Day TV about his stock pick of the day
Read more »