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ARL - Astral Foods Limited - Voluntary Trading Statement

Release Date: 04/05/2012 07:05
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 a reasonable degree of certainty exists that Astral Foods` earnings and headline earnings per share for the six months ended 31 March 2012 will both reflect a decrease of between 16% and 19% compared to the previous comparable period. The decrease in earnings is mainly due to increases in feed and other input costs not all recovered in selling prices. The decrease now includes a provision for a proposed settlement, still to be reached with the Competition Commission and subsequent ratification by the Competition Tribunal, on various matters currently under investigation. Further details pertaining to this provision should be available when Astral Foods reports on its results on Monday 14 May 2012. The financial information on which this trading statement is based has not been reviewed and reported on by Astral Foods` auditors. It is expected that the results for the six months to 31 March 2012 will be published on SENS on 14 May 2012. Pretoria 4 May 2012 Sponsor JPMorgan Equities Limited Date: 04/05/2012 07:05:04 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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