Inghams Group see high demand for poultry

Company News

by Rachael Jones

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Last Updated: 6/12/2019 10:58 AM

Inghams Group (ASX:ING) announced its financial results for the full year ending 29 June 2019 showing NPAT of $126.2 million an increase of 10.1 per cent on last year.

The company has seen continued growth in core poultry volumes.

Stronger customer demand has placed unexpected pressure on operations which has led to loss of productivity and higher costs.

Underlying EBITDA increased 2.9 per cent to $208.6 million for the full year.

Shares in Inghams Group (ASX:ING) are trading 17.57 per cent lower at $3.33.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.