Despite the market sinking sharply lower today, it didn't stop the Inghams Group Ltd (ASX: ING) share price from climbing to an all-time high of $3.87.
This meant that the integrated poultry producer's shares have gained 22% since listing on the ASX at an IPO price of $3.15.
Why are its shares on a strong run?
Inghams' shares have been on a tear since the release of its full-year results on August 22.
That release revealed a pro forma net profit after tax of $102m, up 22.8% on the prior year.
This was driven largely by an 11.5% increase in overall poultry volumes, with particularly strong growth being seen in Australia and improving New Zealand volume growth in the second-half.
Pleasingly, management expects the strong poultry volume growth to continue in FY 2018 following a positive start to the year.
This positive outlook appears to be why investors are fighting to get hold of shares at present.
