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Audited results for the year ended 30 September 2021
Astral Foods Limited
Incorporated in the Republic of South Africa
Registration number: 1978/003194/06
Share code: ARL
ISIN: ZAE000029757
Audited results for the year ended 30 September 2021
Revenue up 14%
Operating profit down 12%
Earnings per share down 15%
Headline earnings per share down 15%
Final dividend 400 cents per share
FINANCIAL RESULTS
Audited
Audited 12 months
12 months ended
ended 30 September
30 September 2020
2021 % R'000
R'000 change (restated)
Revenue
From continuing operations 15 865 938 14 13 932 210
From discontinued operations 181 300 5 172 071
Profit before interest and tax (operating profit)
From continuing operations 710 999 (12) 812 528
From discontinued operations 20 427 25 584
Profit for the period
From continuing operations 459 641 (15) 542 242
From discontinued operations 14 082 (26) 18 992
Total assets 7 834 985 7 7 331 046
Total equity 4 161 191 1 4 122 320
Total liabilities 3 673 794 14 3 208 726
Earnings per share 1 225 (15) 1 435
- From continuing operations 1 192 1 399
- From discontinued operations 33 36
Headline earnings per share 1 228 (15) 1 441
- From continuing operations 1 194 1 404
- From discontinued operations 34 37
Dividends per share - declared out of earnings
for the period (cents per share)
- Interim dividend 300 nil
- Final dividend 400 775
- Total dividend 700 (10) 775
(Prior year has been restated to account for certain businesses as discontinued operations.)
REGULATORY REQUIREMENTS
The information in this announcement has been extracted from the full announcement of the Audited
Summarised Consolidated Results.
The contents of this short-form announcement are the responsibility of the Board of directors of Astral.
The information in the short-form announcement is a summary of the full announcement available on the
Company's website at the following link:
https://www.astralfoods.com/assets/Documents/Index/Audited-Summarised-Consolidated-results-30-September-2021.pdf,
and accordingly does not contain full or complete details. The full announcement can also be accessed
online at the following link: https://senspdf.jse.co.za/documents/2021/jse/isse/ARL/ye2021.pdf.
Any investment decisions by shareholders/investors should be based on the full announcement as released
on the JSE's website and published on the Company's website, www.astralfoods.com. The full announcement
is available at the Company's registered office (for inspection, at no charge, during office hours on any
business day) and at the offices of the sponsor, Nedbank Corporate and Investment Banking, a division of
Nedbank Limited, from 15 November 2021 to 19 November 2021, both days inclusive. Copies of the full
announcement may be requested from the registered office of the Company by e-mailing such a request
to contactus@astralfoods.com.
The auditors, PricewaterhouseCoopers Inc., have issued an unqualified audit opinion in terms of the
International Standards on Auditing in respect of the consolidated financial statements for the year ended
30 September 2021. The Audited Consolidated Financial Statements and the auditor's unqualified audit
report in terms of International Standards on Auditing, along with their key audit matters are
available on the Company's website at the following link:
https://www.astralfoods.com/assets/Documents/Index/Auditor's-report-30-September-2021.pdf
DECLARATION OF ORDINARY DIVIDEND NUMBER 40
The Board has approved a final dividend of 400 cents per ordinary share (gross) in respect of the year ended
30 September 2021.
The dividend will be subject to Dividends Tax that was introduced with effect from 1 April 2012. In accordance
with paragraphs 11.17 (a) (i) to (x) and 11.17 (c) of the JSE Listings Requirements the following information
is disclosed:
- The dividend has been declared out of income reserves;
- The local Dividends Tax is 20% (twenty per centum);
- The gross local dividend is 400 cents per ordinary share for shareholders exempt from Dividends Tax;
- The net local dividend is 320 cents per ordinary share for shareholders liable to pay Dividends Tax;
- Astral Foods Limited has currently 42 922 235 ordinary shares in issue (which includes 4 088 577 treasury
shares held by a subsidiary and 276 755 held in terms of a forfeitable share scheme); and
- Astral Foods Limited's income tax reference number is 9125190711.
Shareholders are advised of the following dates in respect of the final dividend:
Last date to trade cum-dividend Tuesday, 11 January 2022
Shares commence trading ex-dividend Wednesday, 12 January 2022
Record date Friday, 14 January 2022
Payment of dividend Monday, 17 January 2022
Share certificates may not be dematerialised or rematerialised between Wednesday, 12 January 2022
and Friday, 14 January 2022, both days inclusive.
On behalf of the Board
T Eloff
Chairman
CE Schutte
Chief Executive Officer
Pretoria
15 November 2021
Sponsor
Nedbank Corporate and Investing Banking, a division of Nedbank Limited
Date: 15-11-2021 07:05:00
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