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RCL FOODS LIMITED - Trading statement

Release Date: 19/08/2015 17:05
Code(s): RCL     PDF:  
Wrap Text
Trading statement

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
("RCL Foods" or "the Group")

TRADING STATEMENT

Shareholders are advised that RCL Foods expects that its earnings
per share from continuing operations ("EPS") and its combined EPS
(which includes continuing and discontinued operations) for the
year ended 30 June 2015 will be between 96 cents (EPS +310.1%;
combined EPS +331.9%) and 104 cents (EPS +327.6%; combined EPS
+351.2%) versus the EPS loss of 45.7 cents and combined EPS loss
of 41.4 cents for the corresponding year ended 30 June 2014.

The headline earnings per share from continuing operations
("HEPS") and combined HEPS (which includes continuing and
discontinued operations) for the year ended 30 June 2015 will be
between 108 cents (HEPS +326.4%; combined HEPS +348.8%) and 116
cents (HEPS +343.2%; combined HEPS +367.3%) versus the HEPS loss
of 47.7 cents and combined HEPS loss of 43.4 cents for the
corresponding year ended 30 June 2014.

The increase in EPS and HEPS is largely as a result of:
   - Improved trading from the poultry and sugar operations
   - Foreign exchange losses relating to the Eurobond in the prior
     year

The Group’s results for the year ended 30 June 2015 are expected
to be released on SENS on or about 1 September 2015.

The financial information on which this trading statement is based
has not been reviewed and reported on by the Group’s external
auditors.

Durban
19 August 2015


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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