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Financial results for the year ended 30 September 2020
Astral Foods Limited
Incorporated in the Republic of South Africa
Registration number: 1978/003194/06
Share code: ARL
ISIN: ZAE000029757
Financial results for the year ended 30 September 2020
Revenue increase up 5%
Operating profit decrease down 5%
Earnings per share decrease down 13%
Headline earnings per share decrease down 14%
Final dividend 775 cents per share
FINANCIAL RESULTS
12 months 12 months
ended ended
30 September 30 September
2020 % 2019
R'000 change R'000
Revenue 14 104 281 5 13 485 475
Profit before interest and tax 838 112 (5) 882 279
Profit for the year 561 234 (13) 647 535
Total assets 7 331 046 18 6 239 119
Total equity 4 122 320 9 3 795 635
Total liabilities 3 208 726 31 2 443 484
Earnings per share R14.35 (13) R16.59
Headline earnings per share R14.41 (14) R16.74
Dividends per share - declared out of
earnings for the year
- Interim dividend nil R4.75
- Final dividend R7.75 82 R4.25
- Total dividend R7.75 (14) R9.00
REGULATORY REQUIREMENTS
The information in this announcement has been extracted from the Audited Consolidated Financial Results,
but this short-form announcement itself has not been reviewed by the Company's auditor.
The Audited Consolidated Financial Statements for the year ended 30 September 2020 have been audited
by PricewaterhouseCoopers Inc. (the Auditor), who expressed an unmodified opinion thereon. Shareholders
are advised that in order to obtain a full understanding of the nature of the Auditor's engagement, they
should obtain a copy of the Independent Auditor's Report, together with the accompanying Audited
Consolidated Annual Financial Statements from the issuer's registered office. The Independent Auditor's
Report, which contains the key audit matters, and the Audited Consolidated Financial Statements are also
available on the Company's website, at the following link:
https://www.astralfoods.com/assets/Documents/Investor%20Centre/2020/Annual-Results-2020.pdf
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/Investor%20Centre/2020/Summary-Consolidated-results-2020.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/2020/JSE/ISSE/ARL/YE2020.pdf.
Any investment decisions by shareholders/investors should be based on the full announcement as released
on the JSE Limited's (JSE) Stock Exchange News Service 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 16 November 2020 to 20 November
2020, 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.
DECLARATION OF ORDINARY DIVIDEND NUMBER 38
The board has approved a final dividend of R7.75 per ordinary share (gross) in respect of the year ended
30 September 2020.
The dividend will be subject to Dividend 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 Dividend Tax is 20% (twenty per centum);
- The gross local dividend is R7.75 per ordinary share for shareholders exempt from the Dividend Tax;
- The net local dividend is R6.20 per ordinary share for shareholders liable to pay Dividend 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 114 500 held in terms 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, 12 January 2021
Shares commence trading ex-dividend Wednesday, 13 January 2021
Record date Friday, 15 January 2021
Payment of dividend Monday, 18 January 2021
Share certificates may not be dematerialised or rematerialised between Wednesday, 13 January 2021 and
Friday, 15 January 2021, both days inclusive.
On behalf of the board
T Eloff
Chairman
CE Schutte
Chief Executive Officer
Pretoria
16 November 2020
Sponsor
Nedbank Corporate and Investing Banking
Date: 16-11-2020 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
