Astral Foods

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South Africa's Astral Foods issues profit warning related to Covid-19

18 Mar 2021

South African poultry processor Astral Foods continues to struggle with the impact on its results from the Covid-19 pandemic

Astral Foods CEO Chris Schutte hospitalised after accident

22 Sep 2020

Chris Schutte, the chief executive of South African poultry processor Astral Foods, was admitted to hospital last weekend after he was involved in a motorcycle accident.

Covid-19 food industry updates – Friday 18 September (free to read)

18 Sep 2020

just-food is providing daily updates on how the Covid-19 pandemic is affecting the world's packaged food sector.

South African poultry processor Astral Foods issues profit warning

14 Sep 2020

South African poultry processor Astral Foods has issued a profit warning, partly due to costs associated with Covid-19.

Fresh investment in South Africa's Quantum Foods

14 Jul 2020

South Africa-based poultry processor Quantum Foods has revealed two separate entities will acquire stakes in the business.

Astral Foods issues profit warning; CEO Chris Schutte returns after surgery

14 Oct 2019

Astral Foods has issued a profit warning for the fiscal year ended in September partly as a result of higher maize prices.

Astral Foods CEO Chris Schutte to undergo "high-risk" surgery

14 Aug 2019

South Africa-based poultry processor Astral Foods is to see CEO Chris Schutte take a period of leave to undergo surgery.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Astral Foods sees H1 profits tumble

15 May 2017

Higher feed costs caused by drought, lower volumes and cheap European imports have hit South African poultry producer Astral Foods’ half-year profits, which have slumped by more than half year-on-year.

Astral Foods updates warning on half-year profits

4 Apr 2017

South African poultry processor Astral Foods has said there is "a reasonable degree of certainty" the company's headline earnings per share (HEPS) for the six months ending 31 March will be 50-60% lower year-on-year.

Astral Foods forecasts slide in H1 earnings

6 Feb 2017

South African poultry processor Astral Foods has forecast a slump in first-half earnings, with the company continuing to suffer amid high commodity costs and pressure from imports.

South African poultry firm Astral Foods sees FY profits tumble

23 Nov 2016

South African poultry group Astral Foods has booked a slump in annual profits, with higher feed costs having a "major negative impact" on results.

Poultry group Astral issues earnings warning

13 Sep 2016

South African poultry group Astral Foods has warned that both headline earnings and earnings per share for the 12 months ending 30 September will be down between 50% and 70% compared to the previous year.

Poultry group Astral plans "severe production cutbacks"

20 Jul 2016

South African poultry group Astral Foods said today (20 July) that it plans to introduce "further and more severe cutbacks in the poultry production chain" following tougher than expected trading conditions.

Astral Foods posts mixed H1 results

17 May 2016

Astral Foods, the South African poultry group, has reported lower first-half earnings.

Astral Foods issues H1 profit warning

14 Mar 2016

Astral Foods, the South African poultry group, has trimmed its forecast for half-year headline earnings per share, citing increased costs and lower demand.

Food industry quotes of the week - McCormick, Ritter, The Greenery

4 Dec 2015

This week, McCormick & Co. announced the appointment of Lawrence Kurzius to the position of CEO. Post Holdings was reportedly eyeing the packaged food arm of Bob Evans Farms. Elsewhere, the CEO and chairman of The Greenery quit amid clashes with the supervisory board. And we published the second part of our interview with Ritter chairman Andreas Ronken. Here is the week in quotes

Astral denies bid rumour for Sovereign Food Investments

3 Dec 2015

South Africa's Astral Foods has denied it has made an offer to acquire a stake in fellow poultry processor Sovereign Food Investments.

Astral Foods FY sales, profits up

16 Nov 2015

South African poultry processor Astral Foods has posted higher sales and earnings, helped by new business, improved selling prices and lower feed costs.

Astral Foods predicts jump in FY earnings

5 Oct 2015

South African poultry producer Astral Foods is bullish about its shareholders' returns this year, predicting headline earnings will soar by "at least" 120% compared to the previous year.

South Africa re-opens to US poultry imports

9 Jun 2015

South Africa is to re-open its market to US poultry imports for the first time in 15 years after a deal between the countries' governments.

Food industry results in brief - Tiger Brands, Total Produce, Cranswick

26 May 2015

South Africa's Tiger Brands grabbed the headlines this week with news of the over-stating of sales at its Kenyan arm inflating local profits last year. Elsewhere, Ireland's Total Produce lifted its earnings forecast and said it was on the look-out for more M&A. UK meat group Cranswick reported mixed annual results.

Food industry results in brief: TreeHouse, Petra, Bonduelle

11 May 2015

TreeHouse Foods first quarter sales surged – but the US food group cut its forecast for annual earnings. Inventure Foods revealed the devastating impact of the listeria recall. Meanwhile, Petra Foods commented on the slowdown in the Indonesian economy and weaker consumer sentiment. Here is just-food's weekly results round-up.

SOUTH AFRICA: Astral profits surge on poultry turnaround

23 May 2014

South African poultry-to-feed group Astral Foods has booked a jump in half-year earnings thanks to improved fortunes at its poultry unit.

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