Will recent strategic acquisitions help boost Inghams Group’s (ASX: ING) FY24 earnings?

Thu 22 Feb 24, 06:57 AM | Team Kalkine

Image source: © Alexmillos | Megapixl.com

Highlights

Inghams Group Limited (ASX: ING) is an ASX-listed integrated poultry producing company, engaged in producing and selling turkey and chicken products. In the financial year 2023 (FY23), ING recorded a 12.2% YoY rise in revenue to AUD 3,044 million and 17.9% YoY increase in EBITDA to AUD 440.30 million. Net income during the reported period increased by 72.1% YoY to AUD 60.40 million, while net debt decreased by 2.4% YoY to AUD 1,631 million.

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