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Chicken sales are not healthy, but comfortable - Chris Schutte, Astral Foods


Chicken sales are not healthy, but comfortable - Chris Schutte, Astral Foods
17 May 2021 6:26 PM
The Money Show’s Bruce Whitfield interviews Chris Schutte, CEO at Astral Foods.
Astral Foods increased its revenue by 7% (to R7.544 billion) in the six months to 31 March 2021.
Operating profit decreased 37% (to R344.6 million) while earnings per share fell 38% (to R5.92).
The company declared an interim dividend of 300 cents per share.
Astral Foods released its interim results for the six months ended on 31 March 2021. © khunaspix/123rf.com
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Chris Schutte, CEO - Astral Foods ....

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Poultry producer takes on govt, wins court order over poor service delivery


Poultry producer takes on govt, wins court order over poor service delivery
15 April 2021 7:50 PM
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The situation in Lekwa Municipality is untenable, says Astral Foods CEO Chris Schutte. Govt has been ordered to intervene.
Poultry producer Astral Foods has won a High Court order against government and National Treasury over service delivery issues in the Lekwa (Standerton) Municipality in Mpumalanga.
The consumer brands owned by the group include County Fair and Goldi.
In a statement, Astral says it decided to take the extraordinary step of launching legal proceedings because the municipality s poor service delivery is untenable.
The impasse with the municipality with regards to water and electricity supply has had a major disruptive impact on Astral’s operations within Standerton. Unfortunately the goings on have also negatively impacted on people living in the town and surrounding areas. ....

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