ASTRAL FOODS LIMITED - Trading statement

Release Date: 02/05/2018 12:14
Code(s): ARL
 
Wrap Text
Trading statement

Astral Foods Limited
("Astral Foods")
Registration number: 1978/003194/06
JSE Code: ARL ISIN: ZAE000029757

Trading statement

Further to the general trading update issued on 5 March 2018
which indicated an improvement in the results for the six months
ended March 2018 compared to the comparative period ended March
2017 in both earnings per share and headline earnings per share,
shareholders are now advised that a reasonable degree of
certainty exists that both Astral Foods' earnings per share and
headline earnings per share for the six months ended 31 March
2018 will reflect an increase of between 450% and 460% compared
to the previous comparable period.

Earnings per share for the six months ended 31 March 2018 is
expected to be between 1,942 and 1,977 cents per share with the
increase between 1,589 and 1,624 cents per share. The earnings
per share for the six months ended 31 March 2017 was 353 cents
per share.

Headline earnings per share for the six months ended 31 March
2018 is expected to be between 1,958 and 1,994 cents per share
with the increase between 1,602 and 1,638 cents per share. The
headline earnings per share for the six months ended 31 March
2017 was 356 cents per share.

The improvement on the general trading update of 5 March 2018 is
attributable to continued favourable trading conditions and good
farming performances to end March 2018. It can also be confirmed
that no losses were incurred as a result of the impact of Avian
Influenza or Listeriosis during this six months reporting
period.

The financial information on which this trading statement is
based has not been reviewed and reported on by Astral Foods’
auditors.

It is expected that the results for the six months ended 31
March 2018 will be published on SENS on 14 May 2018.

Pretoria
2 May 2018
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank
Limited

Date: 02/05/2018 12:14:00 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.

Email this JSE Sens Item to a Friend.

Share This Story