• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Afgri confident on higher grain prices

Mar 02 2011 08:15 Reuters

Related Articles

Afgri plans to acquire Pride Milling

SA's GM crops banned in Africa

Afgri implements empowerment structure

Afgri eyes East Africa

Afgri profit jumps 32%

Afgri trims offer for Rossgro Chickens

 
Johannesburg - Agricultural services group Afgri [JSE:AFR] on Wednesday posted a slight drop in first-half earnings and said it was bullish on the current six months on the back of higher grain prices.

Afgri said headline earnings per share from all operations fell 1.3% to 44.6 cents.

Total revenue for the six months was down to R3.67bn from R3.82bn in the comparison period.

Afgri said it expects good results from its Afgri Foods division, should the country's economic growth be sustained.

An above average crop is once again expected this year, given little damage from excessive rain, the company said.

Sales in the company's retail stores rose in January this year compared to last year's, and the improved grain prices are expected to encourage farmers to invest in mechanisation equipment in the second quarter of this year.

The company declared an interim cash dividend of 24.15 cents per share.
afgri  |  agriculture

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

10 most expensive cars In the world

This is car porn at its best!

 
 

Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...