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Industry News & Trends / Business & Markets / Africa
on November 20, 2020

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…

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