Brief: Inghams HY Profit After Tax Attributable A$38.4 Mln

Inghams

17/02/2022 23:05

Feb 18 (Reuters) - Inghams Group Ltd  ING.AX :
    * DETERMINED FULLY FRANKED INTERIM DIVIDEND OF 6.5 AU CENTS
PER
SHARE
    * HY PROFIT AFTER TAX FROM ORDINARY ACTIVITIES ATTRIBUTABLE
A$38.4
MLN VS A$35.3 MLN
    * HY REVENUE FROM ORDINARY ACTIVITIES A$1.39 BLN VS A$1.36
BLN
    * NPAT FOR FIRST 7 WEEKS OF 2H FY22 APPROXIMATELY A$24
MILLION
LOWER THAN PCP
    * IN RECENT WEEKS, SEEING SOME IMPROVEMENT IN WORKFORCE
AVAILABILITY, AND THUS PROFITABILITY
    * EXPECT TO SEE SOME INCREASE IN FEED COSTS AS CO PROGRESSES
THROUGH H2
    * 2H FY22 WILL BE SIGNIFICANTLY IMPACTED BY OMICRON
    * STRONG GLOBAL DEMAND FOR AUSTRALIAN WHEAT DUE TO SUPPLY
SHORTAGES EXPECTED TO RESULT IN PRICING REMAINING FIRM
    * INVENTORY LEVELS ARE EXPECTED TO BE RETURNED TO DESIRED
LEVELS
AND MIX SYSTEMATICALLY OVER COMING MONTHS
    * CONTINUES TO HOLD BETWEEN 3-9 MONTHS FORWARD PURCHASE
COVER ON
KEY FEED INGREDIENTS

Source text for Eikon:  ID:nASX1m1wPX 
Further company coverage:  ING.AX 

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