Astral Foods’ earnings down 55% despite a 3.9% revenue increase

SOUTH AFRICA – South Africa’s integrated poultry producer Astral Foods, reported a 3.9% group revenue increase to R13.5bn (US$0.9bn) for the full year ended September 2019. Despite increase in revenue, the groups operating profit fell […]

Astral Foods signs water emergency agreement to avert supply constrains

SOUTH AFRICA – Astral Foods, a South Africa based integrated poultry produce, said that it had signed an emergency agreement with Standerton (Lekwa) Municipality as an interim measure to stave off the current water crisis. […]

Astral Foods reports 52% decline in earnings as poultry division declines stumbles

SOUTH AFRICA – Astral Foods, a South African poultry producer, has reported a 52% decline headline earnings for the six months to end-March 30 2019 attributed to a significant decline performance of the poultry division. […]

South Africa’s poultry producer Astral Foods reports decline in operating profit

SOUTH AFRICA – South Africa’s integrated poultry producer, Astral Foods, said its operating profit for the first quarter of its 2019 financial year was significantly low blaming low consumer spending and high poultry stock for […]

Astral Foods profit soars 78.7% on lower chicken feed costs in 2018

SOUTH AFRICA – South Africa’s leading integrated poultry producer Astral has reported 78.7% increase in group operating profit to US$134.99 million, resulting in an operating profit margin of 15%, ANA reports. According to the company, […]

Astral’s earnings growth to double despite lower chicken sales

SOUTH AFRICA – South Africa’s leading poultry producer, Astral Foods has said that its headline earnings per share (HEPS) for the year to End-September are expected to double compared to the previous year’s US$1.29. Business […]

Astral Foods manage improved results with 15% revenue increase despite bird flu

SOUTH AFRICA – Astral Foods, the South African integrated poultry producer has reported positive results, having managed 15% increase in revenue to US$535.93 million despite challenges with the Avian influenza in the period, according to […]