Australia's Inghams drops most in over 7 months as profit slumps

Inghams

19/08/2022 01:39

** Shares of Inghams Group  ING.AX  drop as much as 8.1% to
A$2.73, their biggest intraday pct drop since Jan. 11
    ** Poultry producer says statutory NPAT fell 57.9% to A$35.1
mln ($24.25 mln), hurt by operational disruptions caused by the
COVID-19 pandemic in Q3 and significant increase in input costs 
 urn:newsml:reuters.com:*:nASX90Dx9c
    ** ING declared H2 dividend of 0.5 Australian cents per
share, taking total to 7 Australia cents for the year, compared
to 16.5 Australian cents declared last year
    ** Stock hits lowest level since July 22
    ** Stock among top pct losers on benchmark index  .AXJO 
    ** Stock down 15.1% this year, as of last close

($1 = 1.4476 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com;))