Result below expectations, so SP has been hammered.
Grain costs have risen significantly, which has big bearing on profit.
Staff shortages will persist, as people don't want to be paid minimum wage to work on ING production lines.
Some sales such as Woolies cooked chicken have declined significantly on the back of the Woolies price going from $10 to $11.
Cost of production can only be passed on to customers in limited circumstances.
Product mix (bird sizes) affecting sales, especially small birds.
Result below expectations, so SP has been hammered.Grain costs...
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$3.48 |
Change
-0.070(1.97%) |
Mkt cap ! $1.293B | |||
| Open | High | Low | Value | Volume |
| $3.54 | $3.55 | $3.47 | $8.391M | 2.407M |
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| No. | Vol. | Price($) |
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| 3 | 12826 | $3.47 |
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|---|---|---|
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