Astral Foods’ first-half earnings to fall as much as 60%

Business Day

Astral Foods faces lower first-half earnings due to consumer constraints, retail promotions on frozen chicken, and increased poultry feed costs from the 2024 drought. A cybersecurity incident in March impacted poultry deliveries. Shares dropped 5.1% to R166.06 on the JSE. Interim results will be released on May 19.
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