ASX:INGFood
Inghams Group (ASX:ING) Shares Face Fresh Doubts After Margin Collapse
Inghams Group entered this result with a bruised share price, down over 7% in the past week and about 7% over the month, despite a modest gain over 90 days. The stock closed at A$2.06 on Friday, as investors absorbed a poultry producer that is still growing volumes and revenue while net profit margins have compressed to 1.1%.
The core issue is the margin squeeze. Full year net profit after tax fell to A$34.6m and underlying earnings before interest, tax, depreciation and amortisation landed...