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

QUANTUM FOODS HOLDINGS LIMITED - Trading Statement

Release Date: 12/04/2017 14:15
Code(s): QFH     PDF:  
Wrap Text
Trading Statement

QUANTUM FOODS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 2013/208598/06
Share code: QFH
ISIN: ZAE000193686
(“Quantum Foods” or “the Group” 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 advised that in respect of the six months ended 31 March
2017, the Company expects headline earnings per share of between 11.2 cents
and 14.2 cents, being a decrease of between 4% and 24% compared to the
headline earnings of 14.8 cents per share for the previous corresponding
period.

Shareholders are further advised that in respect of the six months ended 31
March 2017, the Company expects earnings per share of between 11.2 cents
and 16.4 cents, being a decrease of between 37% and 57% compared to the
earnings of 26.0 cents per share for the previous corresponding period.

Included in earnings per share for the comparative period is profit on the
sale of assets, mostly the Hartbeespoort abattoir, which resulted in an
increase in earnings per share of 11.3 cents for that period.

The results for the six months ended 31 March 2017 have been affected by:

-   Improved earnings from the South African operations supported by a
    growth in external feed sales volumes and an improved performance from
    the farming segment. Earnings from the farming segment is determined by
    volumes and farming production efficiencies with very limited exposure
    to market prices.
-   Reduced earnings from African operations where drought conditions
    negatively affected the cost of raw materials, leading to increased
    production costs and a further compression of margins in the constrained
    consumer environment. Earnings from Mozambique were further affected by
    increased layer hen mortality during a period of extreme weather
    conditions.

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 six month period ended 31 March
2017 are expected to be released on SENS on or about Thursday 25 May 2017.

Wellington
12 April 2017

Sponsor
PSG Capital Proprietary Limited

Date: 12/04/2017 02:15:00 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