Astral Food | A watershed moment
Astral Foods' H1 '19 diluted HEPS decline of 52% y/y marks the start of a cyclical downturnof poultry profitability. We believe profitability will continue declining for the next six months.
Rising input costs and lower prices are pressuring poultry margins from a record level of
c.14% in FY '18.
Astral Foods is a poultry producer. Co. is engaged in manufacturing of animal feeds, broiler genetics, production and sale of day-old chicks and hatching eggs, breeder and broiler production, abattoir and further processing operations and sales and distribution of various key poultry brands. Co. has four broiler production, processing, distribution, sales and marketing operations, which include: Festive (Olifantsfontein), County Fair (Western Cape), Goldi (Standerton) and Mountain Valley (Camperdown). Co. has three operating segments, Poultry, Feed, and Other Africa.
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