Inghams Group see high demand for poultry

Company News

by Rachael Jones

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.