Astral Foods reports a significant R1.6 Billion loss.
Astral Foods reports a significant R1.6 Billion loss.

Astral Foods reports a significant R1.6 Billion loss.

pro player fortnit

11 min
News
Play

Description

GUEST – Gary Arnold, Chief Operating Officer at Astral Foods. <br /> <br /> South Africa's biggest poultry producer Astral Foods ARLJ.J swung to a full-year loss on Monday, as an ongoing electricity crisis and the country's worst bird flu outbreak cost the company R1.6 billion rand. <br /> <br /> Astral reported a R621 million-rand operating loss in the full-year ended Sept. 30, compared to a 1.4 billion rand profit last year. Its flagship poultry division's R1.38 billion-rand loss was partly offset by a R759 million-rand profit from its feed division, which saw 12% revenue growth. <a href="http://www.kayafm.co.za/">Kaya FM </a>

Uploader

mia_dot

mia_dot

Astral Foods reports a significant R1.6 Billion loss. - Listen Free | WowFM