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Earnings for Astral Foods at least 20% higher

Headline earnings per share for Astral Foods over the six months to March will be at least 20% higher when compared with last year‚ the company said on Tuesday (4 February).

5 Feb 2014

Earnings for Astral Foods have risen in the past six months. Image: Master Isolated Images Free Digital Photos

The negative trading conditions experienced in January last year‚ in particular‚ were not repeated to the same extent this year‚ it said.

The improvement in results in the first quarter of this year would be affected by higher maize costs‚ it added.

A further announcement would be released once a more definitive range could be given. Astral expects to release its results for the first six months in May.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

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