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ASTRAL FOODS LIMITED - Audited Results for the year ended 30 September 2023

Release Date: 20/11/2023 07:05
Code(s): ARL     PDF:  
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Audited Results for the year ended 30 September 2023

Astral Foods Limited

Incorporated in the Republic of South Africa Registration no 1978/003194/06

JSE and A2X share code ARL

ISIN ZAE000029757

("Astral" or the "Company")



Audited Results for the year ended 30 September 2023



- Revenue (0.4%)

- Operating profit (143%)

- Earnings per share (148%)

- Headline earnings per share (148%)

- No dividend declared



FINANCIAL RESULTS

                                                       Audited                                Audited

                                                     12 months                              12 months

                                                         ended                                  ended

                                                  30 September                           30 September

                                                          2023               %                   2022

                                                         R'000          change                  R'000

Revenue

From continuing operations                          19 250 955              (0)            19 333 850

From discontinued operations                                 -            (100)               125 795

(Loss)/profit before interest and tax

From continuing operations                            (620 875)           (143)             1 439 778

From discontinued operations                                 -                                 17 743

(Loss)/profit for the year

From continuing operations                            (512 200)           (149)             1 054 616

From discontinued operations                                 -            (100)                15 960

Total assets                                         9 159 682               9              8 438 309

Total equity                                         4 019 463             (16)             4 786 007

Total liabilities                                    5 140 219              41              3 652 302

Earnings per share                                      (1 333)           (148)                 2 781

- From continuing operations                            (1 333)                                 2 745

- From discontinued operations                               -                                     36

Headline earnings per share                             (1 324)           (148)                 2 762

- From continuing operations                            (1 324)                                 2 726

- From discontinued operations                               -                                     36

Dividends per share - declared out of earnings                                             

for the year (cents per share)                                                             

- Interim dividend                                           -                                    790

- Final dividend                                             -                                    590

- Total dividend                                             -            (100)                 1 380



REGULATORY REQUIREMENTS

The information in this announcement has been extracted from the full Audited Summarised Consolidated

Results but is not itself audited.



The contents of this short-form announcement are the responsibility of the Board of Directors of Astral.

The information in the short-form announcement is a summary of the full announcement available on the

Company's website at the following link: https://www.astralfoods.com/assets/AstralSens2023.pdf, and

accordingly does not contain full or complete details. The full announcement can also be accessed online

at the following link: https://senspdf.jse.co.za/documents/2023/jse/isse/ARL/ye2023.pdf



Any investment decisions by shareholders/investors should be based on the full announcement as released

on the JSE's website and published on the Company's website, www.astralfoods.com. Copies of the full

announcement may be requested from the registered office of the Company by e-mailing such a request

to contactus@astralfoods.com.



The auditors, PricewaterhouseCoopers Inc., have issued an unqualified audit opinion in terms of the

International Standards on Auditing in respect of the Consolidated Financial Statements for the year ended

30 September 2023 and is available for inspection upon request via email to contactus@astralfoods.com.



On behalf of the Board



T Eloff

Chairman



CE Schutte

Chief Executive Officer



Pretoria



20 November 2023



Sponsor

Nedbank Corporate and Investing Banking, a division of Nedbank Limited.












Date: 20-11-2023 07:05:00
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