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Astral Foods' earnings plummeted by 55% during the 2019 financial year as its poultry division took a knock.
Astral Foods says its earnings per share and headline earnings per share for the six months to end-March 2018 will reflect an increase of between 450% and 460%, compared to the previous period.
Tiger Brands has confirmed a full national recall of Enterprise Foods meat products amid the listeriosis scare, sending it's share price down 13% at one stage.
Astral's profits dwindle on the back of imports, drought and lower sales.
Millions of chickens owned by Astral Foods will starve if planned power cuts to the poultry producer’s largest facility go ahead.
Astral Foods has appointed a new chair following the announcement of the retirement of Jurie Geldenhuys as chair of the board.
Astral Foods has issued a trading statement about what it expects will happen to its headline earnings per share for the six months ended March 31 2014.
Astral Foods has warned that it recorded its worst trading performance in its history as a listed entity, sending its share price down over 7%.
Integrated poultry producer Astral Foods has posted a 19% rise in diluted headline earnings per share from 959c to 1 145c for the year to end-September 2011.
Poultry producer Astral Foods has benefited from lower feed costs, but record levels of chicken imports hurt demand.
Poultry producer Astral has lowered its projections of earnings for the six months ended March 31, 2019.
Poultry producer Astral Foods says it has come to grips with bird flu jitters and the costs that came with the last outbreak of the disease.
Bird flu is spreading in South Africa with Astral Foods reporting that the disease has infected more chickens at a farm in Mpumalanga.
Eskom says its settlement guaranteeing uninterrupted power supply to poultry producer Astral Foods doesn’t usurp its constitutional right to recover debt from owing municipalities.
The agriculture ministry has missed a court deadline to determine if poultry producers can sell down current stocks of brined chicken before new regulations kick in.
Company results released on the JSE show the double-edged sword cash-strapped consumers are experiencing at the moment.
Poultry producer Astral Foods has reported an 82% plunge in diluted headline earnings per share to 94 cents in the six months ended March 2013.
Claims that Astral Foods is not prepared to negotiate with striking poultry workers in County Fair's farming division are unfounded, the company says.
The Competition Tribunal has dismissed a case against Ross Poultry Breeders for anti-competitive behaviour.
The National Regulator for Compulsory Specifications has apologised to a firm for accusing it of selling underweight chicken products.
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