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PREMIER FISHING AND BRANDS LIMITED - Trading Statement

Release Date: 04/04/2019 14:00
Code(s): PFB     PDF:  
 
Wrap Text
Trading Statement

PREMIER FISHING AND BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/018598/06
JSE code: PFB
ISIN: ZAE000247516
(“PFB” or “the Company” or “the Group” or "Premier”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the
JSE Limited, listed companies are required to publish a trading
statement as soon as the Board of directors are satisfied that a
reasonable degree of certainty exists that the financial results
for the period to be reported on next will differ by at least 20%
from that of the previous corresponding period.

PFB is currently finalising its financial results for the six
months ended 28 February 2019 and shareholders are advised that
the Company expects to report net profit attributable to owners
of the parent of between R34.6 million and R37.5 million,
representing an increase of between 20.0% and 30.0%, compared to
net profit of the parent reported on in the prior year of R28.8
million.

The Company expects to report basic earnings per share for the
period ending 28 February 2019 to be between 13.32 and 14.43
cents compared to basic earnings per share of 11.10 cents
reported on in the previous corresponding period, representing an
increase in basic earnings per share of between 20.0% and 30.0%.

The Company expects the headline earnings per share to be between
13.37 and 14.48 cents compared to headline earnings per share
of 11.10 cents reported on in the previous corresponding period,
representing an increase in headline earnings per share of
between 20.0% and 30.0%.

The financial information on which this trading update is based
has not been reviewed or reported on by the Company’s auditors.

The company’s financial results for the six months ended 28
February 2019 are expected to be released on SENS during the week
ending 12 April 2019.


Cape Town
4 April 2019

JSE Sponsor
Vunani Capital

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