BRIEF-Quantum Foods Says Below Average Rainfall In Maize Producing Areas To Increase FY19 Feed Costs

  • Reuters
  • Stock Market News
BRIEF-Quantum Foods Says Below Average Rainfall In Maize Producing Areas To Increase FY19 Feed Costs
Credit: © Reuters.

Feb 13 (Reuters) - Quantum Foods Holdings Ltd QFHJ.J :

* QUANTUM FOODS - EXPECTED THAT FEED AND FARMING BUSINESSES WILL PROVIDE A STABLE CONTRIBUTION TO EARNINGS FOR REMAINDER OF YEAR

* QUANTUM FOODS - EGG BUSINESS WILL CONTINUE TO SUFFER HEADWINDS UNTIL SUPPLY AND DEMAND DYNAMICS STABILISE AND FEED COSTS SOFTEN FOR YEAR

* QUANTUM FOODS- BELOW AVERAGE RAINFALL IN MAIZE PRODUCING AREAS OF SOUTH AFRICA IS EXPECTED TO RESULT IN SUBSTANTIAL INCREASE IN FEED COSTS FOR FY 2019

* QUANTUM FOODS - HIGHER FEED RAW MATERIAL COSTS, LOWER EGG SELLING PRICES VERSUS PREVIOUS YEAR HAD NEGATIVE IMPACT ON EARNINGS FOR FIRST FOUR MONTHS OF 2019

* QUANTUM FOODS - INCREASE IN FEED RAW MATERIAL COSTS AND A DECREASE IN EGG SELLING PRICES TO IMPACT EARNINGS FOR SIX MONTHS ENDING 31 MARCH 2019

* QUANTUM FOODS HOLDINGS LTD - INCREASE IN FEED COSTS WILL NEGATIVELY IMPACT MARGINS IN FY 2019, ESPECIALLY IN EGG BUSINESS

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