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FBR - Famous Brands Limited - Trading Statement

Release Date: 03/05/2007 14:00
Code(s): FBR
Wrap Text

FBR - Famous Brands Limited - Trading Statement FAMOUS BRANDS LIMITED Incorporated in the Republic of South Africa Registration number 1969/004875/06 Share code: FBR ISIN: ZAE000053328 "Famous Brands" or "the group" TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 28 FEBRUARY 2007 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 differ by at least 20% from that of the previous corresponding period. Famous Brands accordingly advises that it expects headline earnings and headline earnings per share for the year ended 28 February 2007 to be between 30 to 40 percent above headline earnings and headline earnings per share reported for the previous corresponding period. This improved performance is primarily attributable to the following: - The positive impact of the robust trading environment experienced and the take on of the Wimpy brand manufacturing business. - The synergy between the group`s convenience-centered value-for-money offerings and the entrenchment of Quick Service Restaurants and casual dining as a way of life for time-poor, double income families. Improved margins have been achieved across the group`s divisions as a result of extracting efficiencies from existing and new capacity in the business. The information on which the above trading statement is based has not been reviewed or reported on by the company`s auditors. The financial results of the group will be published on SENS on Monday, 14 May 2007. Rosebank 3 May 2007 Sponsor Java Capital (Proprietary) Limited Date: 03/05/2007 14:00:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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