Livestock Feeds shares surge 50% MTD in January amid increased feed sales, other income 

Shares of Livestock Feeds Plc have risen over 50% month-to-date, marking three consecutive weeks of gains amid a surge in market volume in early and mid-January.

This follows the company’s strong earnings report on October 28th, showing a 99% year-over-year revenue increase to N28.6 billion from N14.3 billion the previous year.

Key markets like Lagos and Aba drove revenue growth, contributing 46% and 36% respectively, while income from core operations spiked by 789% year-over-year.

Pre-tax profits for the same period also saw a significant rise, reaching N2.1 billion, up from N58.6 million the prior year.

After the earnings report on October 28, the stock faced a dip through November before picking up again in mid-December.

This renewed interest from investors, which has carried over into early to mid-January, has resulted in a market volume of 94 million so far, likely contributing to the recent increase in share price.

Market trend 

Livestock Feeds saw an impressive year-to-date…