BRIEF-Quantum Foods Says HY Headline Earnings Per Share 45.4 Cents

  • Reuters
  • Stock Market News
BRIEF-Quantum Foods Says HY Headline Earnings Per Share 45.4 Cents
Credit: © Reuters.

May 23 (Reuters) - Quantum Foods Holdings Ltd QFHJ.J :

* UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 MARCH 2019

* HY HEADLINE EARNINGS PER SHARE 45.4 CENTS VERSUS 82.5 CENTS

* INTERIM DIVIDEND PER SHARE 8 CENTS

* HY REVENUE R2 103 MILLION VERSUS R2 035 MILLION

* TARGETS A HEPS COVER OF APPROXIMATELY FOUR TIMES FOR DECLARATION OF TOTAL DIVIDENDS

* PERIOD AHEAD IS EXPECTED TO BE CHARACTERISED BY A FURTHER DECLINE IN EGG PRICES AND HIGHER FEED INPUT COSTS

* EGGS AND OTHER AFRICAN BUSINESSES' PROFITABILITY IS THEREFORE EXPECTED TO BE UNDER INCREASED PRESSURE DURING SECOND HALF OF 2019

* ANIMAL FEEDS AND FARMING BUSINESSES ARE EXPECTED TO PRODUCE STABLE FINANCIAL RESULTS COMPARED TO FIRST HALF OF 2019

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