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Rising input costs weigh on Astral’s earnings

Astral Foods has reported a 37 per cent drop in headline earnings per share and a 7 per cent increase in revenue. Inspite of this operating profit also dropped by 37 per cent and the company says this is because poultry price increases were not sufficient to cover the increases in feed and other production-related costs. Astral Foods CEO, Chris Schutte joins CNBC Africa for more.


Mon May 17 2021 | 16:05:07 GMT+0000 (Coordinated Universal Time)

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