Inghams Group Ltd. (AU:ING) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Inghams Group Ltd. reports a strong financial performance for FY24, with EBITDA climbing by 12.6% to $471.1 million and NPAT surging by 68% to $101.5 million, marking the highest earnings since the company’s 2016 listing. This growth is credited to a 2.8% increase in core poultry sales volume, improved margins, and effective cost control, despite inflationary pressures. Moreover, the company declared fully franked dividends of 20 cents per share, a 37.9% increase from the previous period.
For further insights into AU:ING stock, check out TipRanks’ Stock Analysis page.
