Chicken sales are not healthy, but comfortable - Chris Schutte, Astral Foods
Astral Foods increased its revenue by 7% (to R7.544 billion) in the six months to 31 March 2021.
Operating profit decreased 37% (to R344.6 million) while earnings per share fell 38% (to R5.92).
The company declared an interim dividend of 300 cents per share.
We’ve got a long production pipeline… We could not recover our input costs… We have higher stock levels now than a year ago…Chris Schutte, CEO - Astral Foods
Markets are starting to pick up…Chris Schutte, CEO - Astral Foods
Chicken sales are not healthy, but comfortable… Our efficiencies are improving… Somewhat of an offset for higher input costs…Chris Schutte, CEO - Astral Foods
… 26% of chickens in South Africa are imported… There is dumping…Chris Schutte, CEO - Astral Foods
We’ve secured a court order, placing the central government under pressure to intervene… I don’t expect miracles, but it’s a move in the right direction… We supply 50% of our water ourselves… We’re also forcing Eskom’s hand… We want a fair outcome for the greater area… If they don’t execute, we’ll take them to court again.Chris Schutte, CEO - Astral Foods
Listen to the interview in the audio below.
Source : https://www.123rf.com/photo_39333725_close-up-portrait-full-body-of-brown-female-eggs-hen-standing-show-beautiful-plumage-feather-isolate.html?term=chicken%2Bfunny&vti=lf778g9qhmvop3bkzs-1-7