Poultry producer Astral Foods has indicated that its earnings a share and headline earnings a share for the year ending September 30, are expected to be down by no more than 25% on the comparative period’s reported results. Astral CEO Chris Schutte on September 14 said Astral was “cautiously satisfied” with its performance, considering that the entire second half of the financial year was negatively impacted by the lockdown associated with the Covid-19 pandemic, which Schutte said “appears to have had a more severe impact on the financial results of other businesses within this sector”.
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