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ARL - Astral Foods Limited - Voluntary Trading Statement

Release Date: 12/05/2008 14:54
Code(s): ARL
Wrap Text

ARL - Astral Foods Limited - Voluntary Trading Statement Astral Foods Limited ("Astral Foods") Registration number: 1978/003194/06 JSE Code: ARL & ISIN: ZAE000029757 Voluntary Trading Statement Shareholders are advised that during the months of February and March abnormal trading conditions occurred which had a financial impact on the interim results for the six months ended 31 March 2008. Electricity disruptions negatively affected farming performance, abattoir efficiencies and substantial overtime had to be worked to maintain production. Abnormal high wastage of fresh and frozen products was also experienced. Astral has since implemented measures to rectify this situation. Astral has reviewed the impact of the above and accordingly advises that headline earnings will be between 10 and 15% lower than the previous reporting period. Financial results on which this trading statement is based has not been reviewed by the company`s auditors. It is expected that the interim results for the six months to 31 March 2008 will be published on SENS on Tuesday 20 May 2008. Pretoria 12 May 2008 Sponsor JPMorgan Equities Limited Date: 12/05/2008 14:54:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 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.

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