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Audited results for the year ended 30 September 2022
Astral Foods Limited
Incorporated in the Republic of South Africa
Registration number: 1978/003194/06
Share code: ARL
ISIN: ZAE000029757
("Astral" or "the Company")
Audited results for the year ended 30 September 2022
Revenue up 22%
Operating profit up 103%
Earnings per share up 127%
Headline earnings per share up 125%
Total dividend per share up 97%
FINANCIAL RESULTS
Audited Audited
12 months 12 months
ended ended
30 September 30 September
2022 % 2021
R'000 change R'000
Revenue
From continuing operations 19 333 850 22 15 865 938
From discontinued operations 125 795 (31) 181 300
Profit before interest and tax (Operating profit)
From continuing operations 1 439 778 103 710 999
From discontinued operations 17 743 20 427
Profit for the period
From continuing operations 1 054 616 129 459 641
From discontinued operations 15 960 13 14 082
Total assets 8 438 309 8 7 834 985
Total equity 4 786 007 15 4 161 191
Total liabilities 3 652 302 (1) 3 673 794
Earnings per share 2 781 127 1 225
- From continuing operations 2 745 1 192
- From discontinued operations 36 33
Headline earnings per share 2 762 125 1 228
- From continuing operations 2 726 1 194
- From discontinued operations 36 34
Dividends per share - declared out of earnings
for the period (cents per share)
- Interim dividend 790 300
- Final dividend 590 400
- Total dividend 1 380 97 700
REGULATORY REQUIREMENTS
The information in this announcement has been extracted from the full announcement of the Audited
Summarised Consolidated Results but is not itself audited.
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 Centre/2022/FinancialResults-30September2022.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/2022/jse/isse/ARL/ye2022.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 21 November 2022 to 25 November 2022, 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 Auditor, PricewaterhouseCoopers Inc., has 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 2022. 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 is
available on the Company’s website at the following links:
https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/Auditor's-report-30-September-2022.pdf
https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/AFS-30-September-2022.pdf
DECLARATION OF ORDINARY DIVIDEND No 42
The Board has approved a final dividend of 590 cents per ordinary share (gross) in respect of the year ended
30 September 2022. 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 590 cents per ordinary share for shareholders exempt from Dividend Tax;
- The net local dividend is 472 cents 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 437 095 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, 10 January 2023
Shares commence trading ex-dividend Wednesday, 11 January 2023
Record date Friday, 13 January 2023
Payment of dividend Monday, 16 January 2023
Share certificates may not be dematerialised or rematerialised between Wednesday, 11 January 2023 and
Friday, 13 January 2023, both days inclusive.
On behalf of the Board
T Eloff
Chairman
CE Schutte
Chief Executive Officer
Pretoria
21 November 2022
Sponsor
Nedbank Corporate and Investing Banking, a division of Nedbank Limited.
Date: 21-11-2022 07:05:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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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.
