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Famous Brands - Trading Statement

Release Date: 11/10/2005 13:00
Code(s): FBR
Wrap Text

Famous Brands - Trading Statement Famous Brands Limited (Incorporated in the Republic of South Africa) (Registration number 1969/004875/06) Share code: FBR ISIN code: ZAE000053328 ("Famous Brands" or "the company") TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited ("JSE Listings Requirements"), companies are required to publish a trading statement as soon as they become aware that the financial results for the period to be reported upon next will be materially different from that of the prior period. Famous Brands accordingly advises that it expects earnings per share and headline earnings per share for the six months ended 31 August 2005 to be between 40 to 50 percent above earnings per share and headline earnings per share reported for the previous comparative period. This increase is primarily attributable to the following: Continued buoyancy in the retail trading environment which complemented the heightening trend to convenience and home meal replacement; The exponential growth of the group"s target market as the emerged middle class expands, favourably impacting on the economy; Management"s drive to ensure the company"s brand portfolio remains contemporary and relevant to the needs of the total South African consumer market. This endeavour facilitated a robust performance across the franchise division, which in turn accelerated growth in the food services division; The successful integration of recent acquisitions Trufruit Juice company and Baltimore Ice Cream. The information on which the above trading statement has been based has not been reviewed or reported on by the company"s auditors. The financial results of the company will be published on or about 19 October 2005. Rosebank 11 October 2005 Sponsor Java Capital (Proprietary) Limited Date: 11/10/2005 01:00:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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