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Inghams Group Ltd. ( (AU:ING) ) has shared an update.
Inghams Group Limited reported a slight decline in revenue by 1.9% and an 18.8% decrease in profit for the first half of the financial year 2025 compared to the previous period. Despite the decrease in profit, the company declared a fully franked interim dividend of 11.0 cents per share, amounting to $40.9 million, to be paid in April 2025. The acquisition of Bostock Brothers Limited, an organic chicken business in New Zealand, marks a strategic expansion, potentially enhancing Inghams’ market position in the organic segment. The group’s joint venture with AFB International in pet food palatants continues, although it does not significantly impact the group’s overall financial results.
More about Inghams Group Ltd.
Inghams Group Limited operates in the poultry industry, primarily focusing on the production and sale of chicken products. The company serves markets in Australia and New Zealand and has expanded its portfolio by acquiring an organic chicken business in New Zealand.
YTD Price Performance: 5.91%
Average Trading Volume: 694
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €739.8M
For an in-depth examination of ING stock, go to TipRanks’ Stock Analysis page.