Food producers have been struggling to pass on the rising dollar-based costs of soft commodities
Western Cape-based poultry group Quantum Foods has flagged a fall in headline profit in at least one quarter of its 2021 year, hit by an outbreak of avian influenza, aggressive competition and rising feed costs.
Headline earnings per share, a widely used profit measure that excludes certain one-off items, is expected to fall between 27% and 42% in the year ending September, a profit cut of up to R65m for a group valued at R1.17bn on the JSE...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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