Brief: Inghams Group Says 2H24 Result Is Expected To Be Lower Than 1H24

Inghams

16/02/2024 01:14

Feb 16 (Reuters) - Inghams Group Ltd  ING.AX :
    * 2H24 RESULT IS EXPECTED TO BE LOWER THAN 1H24
    * MARKET CONDITIONS FOR CONSUMERS OVER 2H24 ARE EXPECTED TO
REMAIN
CHALLENGING
    * COMBINED EFFECT OF INCOME TAX RELIEF FOR CONSUMERS, MODEST
SLOWING IN OVERALL RATE OF INFLATION MAY PROVIDE SOME BENEFIT
DURING FY25
    * PRICING OF KEY FEED INGREDIENTS HAS STABILISED IN RECENT
MONTHS
    * SG&A IS EXPECTED TO REMAIN HIGHER THAN PCP IN FY24
    * BASED ON CURRENT MARKET PRICING, ANTICIPATES SOME BENEFIT
FROM
LOWER KEY FEED COSTS MAY BE SEEN IN FY25
    * MAINTAINING LONG‐TERM FOCUS ON OPERATIONAL EFFICIENCY &
CONTINUOUS IMPROVEMENT INITIATIVES

Source text for Eikon:  ID:nASX7Kx4ys 
Further company coverage:  ING.AX 

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