LDC has gained nearly 2% following the publication of a 36% increase in net income, group share, to 224.7 million euros for its 2022-23 financial year, with current operating income representing 5.1% of sales versus 4.1% the previous year.

Sales for the agri-food group specializing in poultry rose by 15.3% to 5.85 billion euros, despite a 5.6% drop in volumes, offset by the effects of price increases.

At the AGM on August 24, the Management Board will propose a dividend of 2.70 euros per share, compared with two euros previously. For the 2023-24 financial year, LDC is targeting sales in excess of six billion euros and an operating margin of around 5%.

Copyright (c) 2023 CercleFinance.com. All rights reserved.