ASTRAL FOODS LIMITED - Trading statement

Trading statement

ASTRAL FOODS LIMITED
“Astral Foods”
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757

TRADING STATEMENT

Further to the general trading update published on SENS
on 16 March 2021 which indicated expected reductions in
earnings per share and headline earnings per share for
the six months ended 31 March 2021 of not more than 45%
lower than the previous comparable six months ended 31
March 2020 reported results, shareholders are now advised
that a reasonable degree of certainty exists that for the
six months ended 31 March 2021:

  •   Earnings per share is expected to decrease between
      40% (380 cents per share) and 35% (333 cents per
      share) compared to the previous comparable period.
      This implies that earnings per share is expected to
      be between 571 and 618 cents per share (31 March
      2020: 951 cents per share); and

  •   Headline earnings per share is expected to decrease
      between 40% (380 cents per share) and 35% (333 cents
      per share) compared to the previous comparable
      period. This implies that headline earnings per
      share is expected to be between 571 cents and 618
      cents per share (31 March 2020: 951 cents per
      share).

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

It is expected that the results for the six months ended
31 March 2021 will be published on SENS on or about
Monday, 17 May 2021.

Pretoria
28 April 2021

Sponsor: Nedbank Corporate and Investment Banking, a
division of Nedbank Limited

Date: 28-04-2021 07:05:00
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.