To view the PDF file, sign up for a MySharenet subscription.

QUANTUM FOODS HOLDINGS LIMITED - Trading Statement

Release Date: 26/03/2015 09:00
Code(s): QFH     PDF:  
Wrap Text
Trading Statement

QUANTUM FOODS HOLDINGS LIMITED
(previously Business Venture Investments No 1792 Proprietary Limited)
(Incorporated in the Republic of South Africa)
Registration Number: 2013/208598/06
Share Code: QFH
ISIN Code: ZAE000193686
(“Quantum Foods” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a listed company is required to
issue a trading statement once it is satisfied that a reasonable degree of certainty exists that
the financial results for the period to be reported upon next will differ by at least 20% from
the financial results for the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists that the
earnings per share of the Company for the six month period ended 31 March 2015 are
expected to be a minimum of 25.4 cents per share (2014: 5.7 cents loss per share), being a
minimum increase of 544% from the previous corresponding period. Shareholders are
further advised that the headline earnings per share of the Company for the six month period
ended 31 March 2015 are expected to be a minimum of 25.1 cents per share (2014: 9.3
cents per share), being a minimum increase of 170% from the previous corresponding
period.

Once sufficient certainty exists, a further update with a final indicative range for the period
ended 31 March 2015 will be provided to shareholders.

For purposes of the financial results for the previous corresponding period, shareholders are
referred to Annexure 3 of the Quantum Foods pre-listing statement issued on 18 September
2014 for details of the carve-out financial results for the 6 month period ended 31 March
2014. The earnings per share and headline earnings per share for the previous
corresponding period set out above were based on Quantum Foods’ actual number of
shares in issue on the date of listing on the JSE on 6 October 2014, being 233 284 332
shares.

Lower maize and soya meal costs due to an improved international stock situation, has
benefited both broiler and egg production costs and contributed to the improved results for
the current financial period. A further contribution to the improved results for the current
financial period is that egg selling prices have improved slightly due to a balanced supply
and demand in the market. Quantum Foods’ broiler business also returned to profitability
due to the re-engineering of the Western Cape business model, as well as improved
volumes and cost efficiencies at the Company’s Hartebeespoort abattoir.
The financial information on which this trading statement is based has not been reviewed or
reported on by the Company’s auditors. Quantum Foods’ financial results for the 6 month
period ended 31 March 2015 are expected to be released on SENS on or about Monday, 25
May 2015.

Wellington
26 March 2015

Sponsor
PSG Capital

Date: 26/03/2015 09:00:00 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.

Share This Story