Astral reports 55% slump in annual profit amid tough conditions

Astral released its full-year numbers today reporting a 55% plunge in earnings due to the group's poultry division being hit by higher feed costs. On the other hand, the company's feed division benefitted from a rise in raw material prices helping boost revenue by 6.1%. The group says that its outlook remains mixed, raw material prices are expected to remain high while engagements with the DTI gives hope for intervention in the poultry industry. Company's CEO, Chris Schutte spoke to Business Day TV about their numbers