PFB interim results February 2019
Revenue for the interim period was higher at R286.9 million (R184.6 million), while gross profit rose to R130.1 million (R75.8 million). Operating profit grew to R60.8 million (R20.3 million). Profit for the year attributable to shareholders of Premier increased to R34.9 million (R28.9 miilion). Headline earnings per share was recorded at 13.49cps (11.10cps).
Notice is hereby given that an interim gross dividend of 12 cents per share has been declared out of income reserves in respect of ordinary shares of no par value for the six months ended 28 February 2019.
The future outlook of the Group is a positive one, as the Group is well positioned to create and maintain shareholder value through organic and acquisitive growth, thereby ensuring delivery on our stakeholder commitments. Our main strategic focus area is the FRAP 2020 process, with the Group continuing to be well positioned for the 2020 Fishing Rights Application Process (FRAP). The abalone farm expansion continues to progress well and upon completion, production capacity will increase from 120 tons to between 300 and 350 tons per annum. The Group continues to pursue strategic acquisitions within the fishing industry, in line with its growth strategy.