• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
Loading...
See More

Afgri confident on higher grain prices

Mar 02 2011 08:15
Reuters
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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote

Loading...