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QUANTUM FOODS HOLDINGS LIMITED - Updated Trading Statement

Release Date: 06/11/2015 09:00
Code(s): QFH     PDF:  
Wrap Text
Updated Trading Statement

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2013/208598/06
Share Code: QFH
ISIN Code: ZAE000193686
(“Quantum Foods” or “the Company”)

UPDATED 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.

Further to the initial trading statement released on SENS dated 16 September 2015, shareholders
are advised that in respect of the year ended 30 September 2015 the Company expects headline
earnings per share of between 52.86 cents and 55.10 cents, being an increase of between 374%
and 394% compared to the headline earnings of 11.16 cents per share for the previous financial year
ended 30 September 2014.

Shareholders are further advised that in respect of the year ended 30 September 2015 the Company
is expecting to announce basic earnings per share of between 54.05 cents and 54.77 cents, being an
increase of between 1585% and 1605% compared to the basic loss of 3.64 cents per share for the
previous financial year ended 30 September 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 233 248 590 shares.

Shareholders are referred to the SENS announcement dated 7 October 2015, in which shareholders
were advised of the disposal of the Tydstroom abattoir business in Hartebeespoort, Gauteng (“the
Transaction”). Shareholders were advised that all of the conditions precedent to the Transaction
have been fulfilled and accordingly the Transaction is now unconditional. The effective date of the
Transaction occurred after the financial year-end, therefore the impact of the profit of the Transaction
has not been taken into account in calculating the earnings per share and the headline earnings per
share of the Company for the year ended 30 September 2015 as set out above.

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 year ended 30 September
2015 are expected to be released on SENS on or about Thursday, 26 November 2015.

Wellington
6 November 2015

Sponsor
PSG Capital

Date: 06/11/2015 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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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,
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