ASTRAL FOODS LIMITED - Unaudited Interim Results for the six months ended 31 March 2024

Unaudited Interim Results for the six months ended 31 March 2024

Astral Foods Limited
Incorporated in the Republic of South Africa 
Registration no 1978/003194/06
Share code: ARL 
A2X code: ARL
ISIN ZAE000029757
("Astral" or "the Company")

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2024

- Revenue increase 4% 
- Operating proft increase 461% 
- Earnings per share increase 471% 
- Headline earnings per share increase 441% 
- Gearing reduced to 10% 

FINANCIAL RESULTS 
                                 Unaudited            Unaudited        Audited
                                six months           six months      12 months
                                     ended                ended          ended
                                  31 March             31 March   30 September
                                      2024        %        2023           2023
                                     R'000   change       R'000          R'000
Revenue                         10 361 944        4   9 963 795     19 250 955
Proft before interest and 
tax (operating proft)              549 850      461      98 047       (620 875)
Proft for the period               354 979      472      62 037       (512 200)
Total assets                     8 794 827       (2)  9 006 990      9 110 719
Total equity                     4 379 106       (4)  4 571 825      4 019 463
Total liabilities                4 415 721       (0)  4 435 165      5 091 256
Earnings per share                   R9.23      471       R1.62        (R13.33)
Headline earnings per share          R8.84      441       R1.63        (R13.24)

REGULATORY REQUIREMENTS    
The information in this announcement has been extracted 
from the full Unaudited Summarised Consolidated Interim 
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/AstralSENS.pdf, 
and accordingly does not contain full or complete 
details. The full announcement can also be accessed 
online at the following JSE cloudlink: 
https://senspdf.jse.co.za/documents/2024/jse/isse/ARL/ie2024.pdf.

Any investment decisions by shareholders/investors should be 
based on the full announcement as released on the JSE cloudlink 
and published on the Company's website, www.astralfoods.com. 
Copies of the full announcement may be requested from the 
registered offce of the Company by e-mailing such a request
to contactus@astralfoods.com.

On behalf of the Board

T Eloff 
Chairman 

CE Schutte
Chief Executive Offcer 

Pretoria
20 May 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 20-05-2024 07:05:00
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