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QUANTUM FOODS HOLDINGS LIMITED - Summary audited consolidated financial statements for the year ended 30 September 2020 and cash dividend declaration

Release Date: 26/11/2020 15:41
Code(s): QFH     PDF:  
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Summary audited consolidated financial statements for the year ended 30 September 2020 and cash dividend declaration

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")

SUMMARY AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 AND CASH DIVIDEND DECLARATION

SALIENT FEATURES
Revenue increased by 15% to R5 095 million, from R4 418 million in the prior corresponding period.
Operating profit decreased by 11% to R218 million, from R245 million in the prior corresponding period.
Headline earnings per share decreased by 13% to 80.5 cents per share, from 92.3 cents per share in the prior corresponding period.
Earnings per share decreased by 13% to 80.1 cents per share, from 92.6 cents per share in the prior corresponding period.
Dividends per share decreased by 52% to 16.0 cents per share, from 33.0 cents per share in the prior corresponding period.

DIVIDEND DECLARATION
The directors resolved to declare a final gross cash dividend of 10.0 cents (2019: 25.0 cents) per share from income reserves in respect of the year ended 30
September 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 8.0 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, 26 November 2020
Last day to trade cum dividend                         Tuesday, 12 January 2021
Trading ex-dividend commences                          Wednesday, 13 January 2021
Record date                                            Friday, 15 January 2021
Date of payment                                        Monday, 18 January 2021

Shareholders may not dematerialise or rematerialise their shares between Wednesday, 13 January 2021 and Friday, 15 January 2021, 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/YESep2020.pdf and on the Company's website at https://quantumfoods.co.za/financial-reports/.

With respect to the consolidated financial statements for the year ended 30 September 2020, the auditors, PricewaterhouseCoopers Inc., have issued an
unqualified audit opinion in terms of the International Standards on Auditing ("Audit Report"). The Audit Report, which contains key audit matters, along
with the annual financial statements are available on the Quantum Foods website at: https://quantumfoods.co.za/financial-reports/.

Copies of the Full Announcement 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 the consideration of the Full Announcement, as a whole.

Wellington
26 November 2020

Corporate Advisor and Sponsor
One Capital




Date: 26-11-2020 03:41:00
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