Inghams Group EBIT up 37.8%

Company News

by Katrina Bullock

Inghams Group (ASX:ING) has reported its underlying net profit after tax (NPAT) dropped 5.3 per cent to $55.4 million in their half year results to 31 December 2018.

Revenue was up 4.2 per cent on the same period the previous year, coming in around 1.26 billion.

Its earnings before interest and tax (EBIT) increased 37.8 per cent to $128.7 million compared to the prior corresponding period.

Ingham Group CEO Jim Leighton says the progress the Company has made is reflected in continued growth and improved earnings despite the significant increase to feed costs.

Inghams Group has declared an interim dividend of 9 cents per share fully franked.

Shares in Inghams Group (ASX:ING) are 5.23 per cent lower at $4.17.