Tegel reiterates FY18 earnings guidance as poultry remains attractive in protein wars

Wed, 06 Sep 2017

By Rebecca Howard Sept. 7 (BusinessDesk) - Tegel Group, New Zealand's biggest poultry producer, reiterated that it expects this year's underlying earnings to be ahead of last year's as it benefits from population growth and protein competition that still favours poultry. "Domestic volume and market growth is underpinned by increased poultry consumption of around 5 percent since 1990. We see those trends continuing and they will impact favourably on our business," said chief executive Phil Hand in speech notes published ahead of the annua...

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