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 presents the Market Outlook/Market at Midday and the Market wrap. She also presents ASX company news and interview CEOs. She joined FNN in January 2017. She has been in broadcast journalism for over six years. She has worked as a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She has also worked as a qualified financial planner.