Revenue and Profit Growth
Revenue increased by 10% and profits rose by 11% to just under ZAR 1.3 billion, with headline earnings up 14% to ZAR 21.93.
Strong Cash and Dividend Position
The company closed the year with a cash balance of over ZAR 1 billion and declared a final dividend of ZAR 8.80 per share, totaling ZAR 11 for the year.
Feed Division Performance
Operating profit in the Feed Division increased by 31%, driven by a 6.5% increase in sales volumes and a 0.6% rise in selling prices.
Poultry Volume and Product Mix Improvement
Poultry Division saw an 8% increase in volumes and improved product mix with better selling prices.
Cost Management and Efficiency
The company's focus on cost management and efficiency led to lower operational costs per unit and improved broiler performance.
Favorable Maize and Soybean Market
Maize prices have become favorable, with expectations for continued favorable conditions, supporting poultry feed costs.