Stockland announced FY22 results Underlying NPAT declined to 43.6%

Inghams Group Limited (ASX: ING) announced its FY22 results for the period ended 30 June 2022:

• In FY22, the company delivered a statutory EBITDA of AU$370.4 million, down 16.6% from the previous corresponding period, and an underlying EBITDA of AU$135.2 million, down 35.5% from PCP.
• Company’s core poultry sales volume grew 4.2% on FY21.
• It has reported a statutory net profit after tax of AU$35.1 million, a decline of 57.9%, and an underlying net profit after tax of AU$57.1 million, a drop of 43.6% from the previous corresponding period.
• Inghams Group made good progress on achieving price increases across all channels and customers, with the benefit of NZ price increases realised in FY22 and AU/NZ price increases mainly contributing to FY23 results.
• Cash flow from operations was AU$372.5 million for the full year, a decline of 17.5% vs FY21, due to the significantly lower trading results.

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