South Africa’s Afgri posts 3.9% rise in H1 HES on animal feed outlets

By bne IntelliNews February 26, 2010
Reuters reported South Africa's Afgri Limited posted a 3.9% rise inH1 HES on February 24, buoyed by its grain storage and animal feed businesses.EPS rose 22.6% to ZAR 0.486, while its cash position improved by ZAR 317bn. Itadded its grain storage division had made a sizeable contribution to thegroup's results, after South Africa recorded another bumper maize harvestlast year. The group expects its results in H1 to be impacted by the size andtiming of the summer crop, as well as improvements in credit markets andconsumer spending.

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