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RCL FOODS LIMITED - Further trading statement-Year ended June 2021

Release Date: 27/08/2021 12:45
Code(s): RCL     PDF:  
Wrap Text
Further trading statement-Year ended June 2021

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
(“RCL FOODS" or “the Group”)


FURTHER TRADING STATEMENT – YEAR ENDED JUNE 2021


Shareholders are referred to the trading statement published on the
Stock Exchange News Service (“SENS”) on 1 July 2021. RCL FOODS
reported that its headline earnings per share (“HEPS”) for the year
ended June 2021 (“current period”) would be at least 90.0 cents
(+592.3%) when compared to the reported HEPS of 13.0 cents for the
year ended June 2020 (“comparative period”); that its earnings per
share (“EPS”) for the current period will be at least 90.0 cents
(+187.4%) when compared to the reported EPS of negative 103.0 cents
for the comparative period; and that a further trading statement
would be published as soon as the Group had reasonable certainty on
the expected HEPS and EPS ranges for the current period.


Shareholders are advised that RCL FOODS expects its HEPS for the
current period to be between 106.8 cents (+721.5%) and 109.2 cents
(+740.0%) when compared to the reported HEPS of 13.0 cents for the
comparative period. EPS for the current period is expected to be
between 108.4 (+205.2%) cents and 117.4 (+214.0%) cents when compared
to the reported EPS of negative 103.0 cents for the comparative
period.


The strong improvement over the comparative period is largely driven
by an excellent performance in the Sugar and Baking business units
and continued strong delivery in Grocery. Chicken continues to focus
on its turnaround plan, which is expected to deliver benefits in the
next financial year.


The Group’s financial results for the current period are expected to
be released on SENS on 6 September 2021.


The financial information on which this trading statement is based
has   not   been   reviewed   and   reported   on   by   the   Group’s   external
auditors.




Durban
27 August 2021


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 27-08-2021 12:45:00
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