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Johannesburg - The share price of Country Bird Holdings Limited [JSE:CBH] fell nearly 5% in early trade on Wednesday‚ bringing its losses to more than 8% in two days‚ after the poultry producer warned late on Tuesday of a substantial drop in profit for the year to end June 2012.
Headline earnings per share are expected be between 55% and 65% lower than in the previous comparable period. If the effect of the nine-week strike at one of the South African abattoirs is excluded‚ headline earnings per share would be between 45% and 55% lower.
At 9:56 on Wednesday‚ the share price was down 20 cents‚ or 4.88%‚ at R3.90‚ its lowest level since August 17.
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Headline earnings per share are expected be between 55% and 65% lower than in the previous comparable period. If the effect of the nine-week strike at one of the South African abattoirs is excluded‚ headline earnings per share would be between 45% and 55% lower.
At 9:56 on Wednesday‚ the share price was down 20 cents‚ or 4.88%‚ at R3.90‚ its lowest level since August 17.
*Follow Fin24 on Twitter, Facebook and Google+.
