Efficiency and industry tailwinds will improve performance, but powerful customers limit upside.
Inghams Group delivered solid first-half fiscal 2018 net profit after tax of AUD 65.7 million, up 28% compared with pro forma first-half fiscal 2017. Adjusting for asset sales, restructuring costs, and a one-off tax credit, underlying interim NPAT was approximately AUD 57.5 million, broadly in line with our expectations. Key highlights included core chicken and turkey sales volumes, up 3.7% on the strong previous comparable period, or PCP; improved yields; lower unit costs; and improved asset ut...Inghams Group is engaged in the production and sale of chicken and turkey products accross its vertically integrated primary, free range, value enchanced, further processed and ingredient categories. Additionally, stockfeed is produced primarily for internal use but also for the poultry, pig, dairy and equine industries. Co.'s two main areas of operations consist of Poultry – production and sale of chicken and turkey products across primary, free range, value enhanced, further processed and ingredients; and Stockfeed – production of stockfeed for use by the poultry, pig, dairy and equine industries. The majority of feed produced is for internal use in Co.'s poultry business.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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