South African Country Bird reports profit
Johannesburg Stock Exchange-listed poultry and stock
feed group Country Bird Holdings (CBH) has reported a 4% increase in profit
after tax to R112m (€11.5m, $16.3m) for the year ending June
, a wholly owned subsidiary of Synapp International,
also reported an increase in headline earnings per share of 59.25c compared with
57.13c in the previous year.
The group revenue rose 35% to R1.3bn (€133.3m, $189m), which was assisted
by sustained strong demand for poultry products, while gross profit rose to
R221m (€22.7m, $32.1m) for the year from R218m (€22.4m, $31.7m) in the previous
CBH operates in SA, Botswana and Zambia through its three subsidiaries.
These consist of Supreme, which is the third-largest poultry producer in SA with
a 10% market share.
In the feed business CBH operates under the Nutrifeeds brand, which has
feedmills in Viljoenskroon and Blomfontein. The group also owns 100% of Ross
Zambia and Ross Botswana, which has more than 60% market share and is the only
poultry-breeding operation in that country.
CBH is planning to spend further capital to complete the restructuring and
capacity expansion of the feed milling operations.
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