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ASTRAL FOODS LIMITED - Trading statement

Release Date: 24/10/2018 11:36
Code(s): ARL     PDF:  
Wrap Text
Trading statement

Astral Foods Limited
("Astral Foods")
Registration number: 1978/003194/06
JSE Code: ARL ISIN: ZAE000029757

Trading statement

Further to the general trading update issued on 19 September
2018 which indicated year-on-year improvements of at least 80%
in earnings per share and 85% in headline earnings per share,
shareholders are now advised as follows:

  -   A reasonable degree of certainty exists that Astral Foods'
      earnings per share for the year ended 30 September 2018
      will reflect an increase of between 85% (1 656 cents per
      share) and 95% (1 851 cents per share) compared to the
      previous comparable period. This implies that earnings per
      share is expected to be between 3 604 and 3 799 cents per
      share. The earnings per share for the financial year ended
      30 September 2017 was 1 948 cents per share.

  -   Headline earnings per share for the year ended 30 September
      2018 will reflect an increase of between 90% (1 709 cents
      per share) and 100% (1 899 cents per share) compared to the
      previous comparable period.     This implies that headline
      earnings per share is expected to be between 3 608 and
      3 798 cents per share.      The earnings per share for the
      year ended 30 September 2017 was 1 899 cents per share.

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

It is expected that the results for the year ended 30 September
2018 will be published on SENS on 19 November 2018.

Pretoria

24 October 2018
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank
Limited

Date: 24/10/2018 11:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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