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 voluntary operational update issued on 10
October   2019  which   indicated  expected   year-on-year
reductions in earnings per share and headline earnings per
share for its financial year ended 30 September 2019 of
not more than 60% lower than the comparative previous
year’s reported results, shareholders are now advised that
a reasonable degree of certainty exists that:

  •   Earnings per share for the year ended 30 September
      2019 will reflect a decrease of between 60% (2 214
      cents per share) and 50% (1 845 cents per share)
      compared to the previous comparable period.      This
      implies that earnings per share is expected to be
      between 1 477 and 1 846 cents per share. The earnings
      per share for the financial year ended 30 September
      2018 was 3 691 cents per share.

  •   Headline earnings per share for the year ended 30
      September 2019 will reflect a decrease of between 60%
      (2 227 cents per share) and 50% (1 856 cents per share)
      compared to the previous comparable period.        This
      implies that headline earnings per share is expected
      to be between 1 485 cents and 1 856 cents per share.
      The headline earnings per share for the year ended 30
      September 2018 was 3 712 cents per share.

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

It is expected that the results for the year ended 30
September 2019 will be published on SENS on Monday 18
November 2019.

Pretoria
28 October 2019

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

Date: 28/10/2019 07:05:00
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