Quantum Foods (QFH) 1H23 – Results Snapshot

Diluted HEPS 2.9 cps (1H22: 15.7 cps)
Turnover growth +22.0% y-y (1H22: +7.0% y-y).
No dividend (1H22: 8.0 cps).
GPM down to 17.2%. (1H22: 17.5%)
Operating margin declined by -90bps to 0.4% (1H22: 1.3%).
PBT % declined to 0.2% (1H22: 1.1%).
Expense to sales of 16.2% (1H22: 18.4%).
Difficult trading conditions as a result of high input costs for feed and disruptions to electricity supply. Higher operating costs could not be recovered from consumers, especially in egg market.