ASTRAL FOODS LIMITED - CANCELLATION OF S363031 General Trading Update

CANCELLATION OF S363031 General Trading Update

Astral Foods Limited
("Astral Foods")
Registration number: 1978/003194/06
JSE Code: ARL 

SIN: ZAE000029757

General Trading Update

Shareholders are advised that based on the year to date results
to the end of August 2015 and preliminary results for the month
of September 2015, a reasonable degree of certainty exists that
the increase in headline earnings per share for the twelve
months ending 30 September 2015 will increase by at least 120%
or 1037 cents per share compared to the previous year and that
earnings per share will increase by at least 115% or 1017 cents
per share compared to the previous year.

This implies that both the headline earnings per share and
earnings per share for the twelve months ending 30 September
2015 is expected to be at least 1901 cents per share (2014:
Headline earnings per share 864 cents per share and earnings per
share 884 cents per share).

The trading conditions experienced during the first half of the
financial year that resulted in the improvement in the reported
profits for the six months ended 31 May 2015, continued into the
third quarter of the financial year.   This formed the basis for
the improvement in the results for the twelve months ending 30
September 2015, although trading conditions were impacted during
the last quarter of the financial year by the following:

  -   Depressed consumer demand;
  -   Excessive imports of bone-in chicken portions from the
      European Union; and
  -   The on-set of increases in maize prices as a result of
      adverse weather conditions in the maize producing areas.

A further announcement will be released once a more definite
range of the increase in earnings can be given.

It is expected that the full year results to 30 September 2015
will be published on 16 November 2015.

The information on which the trading statement is based has not
been reviewed or reported on by Astral Foods’ auditors.

Pretoria
1 October 2015
Sponsor
JP Morgan Equities South Africa (Pty) Ltd

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