Astral expects lower FY earnings

12th September 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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Owing to tough trading conditions, JSE-listed Astral Foods expects its headline earnings and earnings a share for the year ended September 30 to be 50% to 70% lower year-on-year.

This implies that headline earnings a share will be between R6.05 and R10.08 apiece, compared with R20.16 the year before, while earnings a share will be between R6.04 and R10.06 apiece, compared with R20.13 in the comparative period.

The full-year results will be published on November 21.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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