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Astral Foods Limited - Trading statement

Release Date: 10/03/2006 14:57
Code(s): ARL
Wrap Text

Astral Foods Limited - Trading statement Astral Foods Limited ("Astral Foods") Registration number: 1978/003194/06 JSE Code: ARL & ISIN: ZAE000029757 Trading statement Shareholders are advised that a reasonable degree of certainty exists that Astral Foods" headline and attributable earnings per share for the six months ending 31 March 2006 will reflect an increase in the range of 50% to 60% as against the comparable period. This increase is based on the adoption of IFRS. Compared to the published results for the six months ended 31 March 2005 prepared under South African GAAP the increase in headline and attributable earnings will be in the range of 60% to 70%. The difference in increase is as a result of the restatement of write-off periods for fixed assets. The improvement in earnings is mainly due to buoyant consumer spending particularly during the first quarter. This financial information in this trading statement has not been reviewed and reported on by Astral Foods" auditors. It is expected that the results for the six months to 31 March 2006 will be published on 16 May 2006. Pretoria 10 March 2006 Sponsor JPMorgan Equities Limited Date: 10/03/2006 02:57:21 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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