BRIEF-Quantum Foods posts HY headline earnings per share 12.4 cents

  • Reuters
  • Stock Market News
BRIEF-Quantum Foods posts HY headline earnings per share 12.4 cents
Credit: © Reuters.

May 25 (Reuters) - Quantum Foods Holdings QFHJ.J

* HY headline earnings per share 12.4 cents

* HY group revenue increased by 12.9% to r2.0 billion

* No dividend has been declared for six months ended 31 march 2017

* HY operating profit, before items of a capital nature, decreased by 4.7% to r38.6 million

* Remainder of 2017 financial year will be characterised by comparably lower raw material costs for south african operations

* "Margins were maintained in a period of extremely tough trading conditions"

* Feeds and farming segments are expected to remain stable profit contributors to group

* For group's other african operations, input cost relief is also expected following anticipated improvement of crops Source text for Eikon: ID:nJseY0038a Further company coverage: QFHJ.J

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