Higher sales but lower profit by Astral Foods
South African company reports overall profit drop of 13.3%
According to its annual results for the last fiscal year, Astral Foods generated lower profit before interest and tax, as well as profit before income tax year-on-year. This was despite an increase in sales of 4.6% to just over 14.1 billion rand (ZAR; US$917 million).
Compared with 2018-2019, overall reported…