To view the PDF file, sign up for a MySharenet subscription.

ASTRAL FOODS LIMITED - Unaudited interim results for the six months ended 31 March 2020

Release Date: 18/05/2020 07:05
Code(s): ARL     PDF:  
Wrap Text
Unaudited interim results for the six months ended 31 March 2020

Astral Foods Limited
Incorporated in the Republic of South Africa 
Registration no 1978/003194/06 
Share code ARL     ISIN ZAE000029757


Unaudited interim results for the six months ended 31 March 2020


   -   Revenue increase  4%                                                                                                   
   -   Operating profit increase  8%
   -   Earnings per share at  R9.51

This short-form announcement is the responsibility of the directors and is only a summary of the information contained
in the full announcement and does not contain full or complete details.
Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement,
which has been prepared under the supervision of the financial director, DD Ferreira CA(SA).
The full announcement is available at the following website links:
  
-  on the group's website at the link https://www.astralfoods.com/assets/Documents/Investor%20Centre/2020/Interim-Results-2020-cs.pdf; and
-  on the JSE website at the link https://senspdf.jse.co.za/documents/2020/jse/isse/ARL/ie2020.pdf. 

A copy can also be requested from the registered office of the company by e-mailing such a request to contactus@astralfoods.com.

                                                                             6 months                       6 months         12 months
                                                                                ended                          ended             ended
                                                                             31 March                       31 March            30 Sep
                                                                                 2020                           2019              2019
                                                                                R'000     % change             R'000             R'000
Revenue                                                                     7 068 602            4         6 775 389        13 485 475
Profit before interest and tax                                                545 818            8           503 060           882 279
Profit for the period                                                         371 135            0           370 065           647 535
Total assets                                                                7 431 091           24         6 014 096         6 239 119
Total equity                                                                3 968 067            7         3 701 003         3 795 635
Total liabilities                                                           3 463 024           50         2 313 093         2 443 484

Earnings per share                                                             R 9,51            0             R9,48            R16,59
Headline earnings per share                                                    R 9,51            0             R9,49            R16,74
Dividends per share - declared out of earnings for the period
-  Interim dividend                                                               nil                          R4,75             R4,75
-  Final dividend                                                                                                                R4,25
-  Total dividend                                                                                                                R9,00

Dividend
The Astral Board agreed that no interim dividend would be declared under the present economic circumstances,
whilst also considering the extreme uncertainty of the near future created by the seemingly indefinite COVID-19 lockdown.

T Eloff                                                               CE Schutte
Chairman                                                              Chief Executive Officer 

Pretoria
18 May 2020

Registered office: 
92 Koranna Avenue
Doringkloof, Centurion
0157
South Africa
Postnet Suite 278, Private Bag X1028, Doringkloof, 0140,
Telephone: +27 (0) 12 667 5468

Website address 
www.astralfoods.com  

Directors
Dr T Eloff (Chairman), *CE Schutte (Chief Executive Officer),
*GD Arnold, *AB Crocker, *DD Ferreira (Chief Financial Officer), 
DJ Fouche, S Mayet, WF Potgieter, TM Shabangu. 
(*Executive director)

Company 
Secretary L Marupen         

Transfer secretaries 
Computershare Investor Services (Pty) Ltd
PO Box 61051, Marshalltown, 2107
Telephone : +27 (0) 11 370 5000 

Sponsor 
Nedbank Corporate and Investing Banking, a division of Nedbank Limited
135 Rivonia Campus
Rivonia Road
Sandown
2196 
Telephone +27 (0) 11 294 4444 

www.astralfoods.com



Date: 18-05-2020 07:05:00
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.