And so, like the Super 15, results season grinds on, with groin strains and pulled hammies and sheer exhaustion enervating the Executive front row. This week, it’s the turn of Astral Foods, whose revenue surged (we are told) 13% to 9.6 billions of rands for the year which ended, as they do, on Sept 30. And operating profit soared a scarce believable 88% to R493million. How came this to be? you ask, agog. “An expansion drive over the past year, with sizeable investments in various value enhancing projects,” apparently, and a record maize harvest which drove input prices southward, like the yellow-billed kite in August. And then, of course just doing well what they do best, which is selling chickens.
Comment: Nice results in a sector which seems to be on the mend after some bitter going these how many years?