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QUANTUM FOODS HOLDINGS LIMITED - Unaudited Condensed Consolidated Interim Financial Statements for the Six Months Ended 31 March 2020

Release Date: 21/05/2020 11:00
Code(s): QFH     PDF:  
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Unaudited Condensed Consolidated Interim Financial Statements for the Six Months Ended 31 March 2020

QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2013/208598/06
Share Code: QFH
ISIN Code: ZAE000193686
("Quantum Foods" or "the Company")

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 31 MARCH 2020 AND DIVIDEND DECLARATION 

SALIENT FEATURES
Revenue increased by 16% to R2 439 million, from R2 103 million in the prior corresponding period.
Operating profit decreased by 24% to R91 million, from R121 million in the prior corresponding period.
Headline earnings per share decreased by 24% to 34.5 cents per share, from 45.4 cents per share in the prior corresponding period.
Earnings per share decreased by 24% to 34.5 cents per share, from 45.2 cents per share in the prior corresponding period.
Dividends per share decreased by 25% to 6 cents per share, from 8 cents per share in the prior corresponding period.

DIVIDEND DECLARATION
The directors resolved to declare an interim gross dividend of 6 cents (2019: 8 cents) per share from income reserves in respect of the six 
months ended 31 March 2020. The dividend will be subject to a local dividend withholding tax rate of 20% for those shareholders who are not 
exempt from dividend withholding tax. Accordingly, for those shareholders not exempt from paying dividend withholding tax, the net dividend 
will be 4.8 cents per share. The number of ordinary shares in issue at the declaration date is 200 024 716 and the income tax number of the 
Company is 9095455193.

The salient dates of the dividend declaration are:
Declaration date                                  Thursday, 21 May 2020
Last day to trade cum dividend                    Monday, 15 June 2020
Trading ex-dividend commences                     Wednesday, 17 June 2020
Record date                                       Friday, 19 June 2020
Date of payment                                   Monday, 22 June 2020

Share certificates may not be dematerialised or rematerialised between Wednesday, 17 June 2020 and Friday, 19 June 2020, both days inclusive.

SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full 
announcement ("Full Announcement") and does not contain full or complete details. The Full Announcement can be found at:
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/QFH/HYMar2020.pdf

Copies of the Full Announcement is also available for viewing on the Company's website at http://quantumfoods.co.za/downloads/2020/hymar2020.pdf 
or may be requested in person, at the Company's registered office or the office of the sponsor, at no charge, during office hours.

Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole.

The condensed consolidated interim financial statements have not been audited or reviewed by the Company's auditors.

21 May 2020

Sponsor
PSG Capital




Date: 21-05-2020 11:00:00
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