Quantum Foods Holdings (QFH) 1H22 Results Snapshot

Diluted HEPS 16 cps (-40.8% y-y).
Turnover growth +7% y-y.
Dividend declared of 8 cps (1H21: 0 cps).
GPM declined by 190bps to 17.5%.
Operating margin declined by 150bps to 1.3%.
PBT% declined by 160bps to 1.1%.
Egg division grew revenue by 13.7% y-y as volumes increased by 3.6% y-y and average per unit price increased by 9.5% y-y, but rising feed costs negatively impacted the division.