5 things to watch on the ASX 200 on Wednesday fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
The Costa share price was the star performer in the ASX 200 today, rising by around 12%.
Costa revealed that its revenue increased by 11.2% to $1.2 billion. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose 47.2% to $144.8 million and underlying net profit grew 108.4% to $59.4 million.
The horticultural business said that it has recovered from drought challenges. The international segment performance was well up on the previous year. There was a sustained Australian category momentum through the second half of the 2020 calendar year, driving increased earnings.
Costa said that there was improvement across the board with successful execution of business fundamentals including yields, quality, costs and COVID-19 management.
5 things to watch on the ASX 200 on Monday fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
The
Costa Group Holdings Ltd(ASX: CGC) share price is slightly down today on news the company has signed a lease implementation deed with Macquarie Infrastructure and Real Assets (MIRA).
At the time of writing, the Costa share price is marginally lower at $4.01, down 0.99%. In comparison, the
S&P/ASX 200 Index (ASX: XJO) is also trending lower, trading at 6,695 points, down 0.9% at the time of writing.
Quick take on Costa
Costa is an Australian horticultural company that grows, packs and markets fresh fruit & vegetables. The business operates in three main categories: Produce, Costa Farms and Logistics, and International.
Costa manages more than 4,700 planted hectares of farmland, 30ha of glasshouse facilities and three mushroom growing facilities. In addition, the company has international joint ventures covering six blueberry farms in Morocco and four berry farms in China.