Inghams net profit rises 135 per cent

Company News

by Jessica Amir

Inghams (ASX:ING) has announced its net profit attributable to shareholders rose 135 per cent tax to $59.1 million, for the 53 weeks to 1 July 2017 compared to the prior corresponding period.

The poultry business’ revenue rose 5.1 per cent to $2.43 billion over the 53 weeks to July 2017.

On a pro-forma basis, the firm saw its poultry volume increase 11.5 per cent on the FY16.

Its earnings before interest and tax, depreciation and amortisation (EBITDA) also strengthen by 16.4 per cent on FY16, coming in at $195 million in FY17 on a pro-forma basis.

The company declared a final dividend of 9.5 cents per share (also on pro-forma basis). 

Inghams (ASX:ING) are trading 1.43 per cent higher at $3.55.

Jessica Amir

Finance News Network
Jessica is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.