Poultry producer Inghams has increased first-half earnings by 34 per cent as shoppers filled their fridges with chicken to eat at home during the pandemic.
Inghams on Friday reported net profit after tax of $35.3 million, helped by shoppers stocking up at supermarkets in the six months to December 26.
Chief executive Jim Leighton said the results came despite higher feed prices, and the partial closure of poultry export channels following biosecurity issues in Victoria.
Shareholders will receive a fully franked interim dividend of 7.5 cents per share, this was better than the previous fully franked interim payout of 7.3 cents per share.
Shares were higher by 3.87 per cent to $3.76 at 1059 AEDT.
