Astral Foods share price shot up 6.73% yesterday morning after forecasting sharp increases in earnings and headline earnings per share for the six months to March 31, 2024.
It said in a trading statement yesterday, the company said it expected earnings per share (EPS) to increase between 465% and 475% compared to the six months ended March 31, 2023. An initial trading statement had forecast an increase in EPS of possibly up to 300%.
The latest forecast would result in an EPS of between 913 and 930 cents per share. Headline earnings per share (HEPS) was expected to increase between 435% and 445% when compared with the prior comparable period.
This would result in a HEPS of between 874 cents and 891 cents a share compared with 163 cents a share at the same time last year. The interim results were expected to be released on May 20, 2024.
