Ingham's Starts Fiscal 2018 In Line With Our Expectations; AUD 3.50 FVE Unchanged
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...
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