ASTRAL FOODS LIMITED - Unaudited interim results for the six months ended 31 March 2021

Unaudited interim results for the six months ended 31 March 2021

Astral Foods Limited
Incorporated in the Republic of South Africa
Registration number: 1978/003194/06
Share code: ARL
ISIN: ZAE000029757

Unaudited interim results
for the six months ended 31 March 2021

Revenue increase 7%
Operating profit decrease 37%
Earnings per share decrease 38%
Headline earnings per share decrease 37%
Interim dividend 300 cents per share

FINANCIAL RESULTS

                                          Unaudited              Unaudited        Audited
                                         six months             six months      12 months
                                              ended                  ended          ended
                                           31 March               31 March   30 September
                                               2021         %         2020           2020
                                              R'000    change        R'000          R'000
Revenue                                   7 544 104         7    7 068 602     14 104 281
Profit before interest and tax
(operating profit)                          344 686       (37)     545 818        838 112
Profit for the period                       229 629       (38)     371 135        561 234
Total assets                              7 462 078         -    7 431 091      7 331 046
Total equity                              4 014 111         1    3 968 067      4 122 320
Total liabilities                         3 447 967        (0)   3 463 024      3 208 726
Earnings per share                            R5.92       (38)       R9.51         R14.35
Headline earnings per share                   R5.97       (37)       R9.51         R14.41
Dividends per share - declared out
of earnings for the period
- Interim dividend                            R3.00                    nil            nil
- Final dividend                                                                    R7.75
- Total dividend                                                                    R7.75

REGULATORY REQUIREMENTS
The information in this announcement has been extracted from the full announcement of
the unaudited interim results.

The contents of this short-form announcement are the responsibility of the board of
directors of Astral. The information in the short-form announcement is a summary of the full
announcement available on the Company's website at the following link:
https://www.astralfoods.com/assets/Documents/Index/Interim-results-ended-31-March-2021.pdf,
and accordingly does not contain full or complete details. The full announcement can also
be accessed online at the following link:
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/ARL/IE2021.pdf.

Any investment decisions by shareholders/investors should be based on the full
announcement as released on the JSE's website and published on the Company's website,
www.astralfoods.com. The full announcement is available at the Company's registered office
(for inspection, at no charge, during office hours on any business day) and at the offices of
the sponsor, Nedbank Corporate and Investment Banking, a division of Nedbank Limited,
from 17 May 2021 to 20 May 2021, both days inclusive. Copies of the full announcement
may be requested from the registered office of the Company by e-mailing such a request to
contactus@astralfoods.com.

DECLARATION OF ORDINARY DIVIDEND NUMBER 39
The board has approved an interim dividend of 300 cents per ordinary share (gross) in respect
of the six months ended 31 March 2021.

The dividend will be subject to Dividend Tax that was introduced with effect from 1 April
2012. In accordance with paragraphs 11.17 (a) (i) to (x) and 11.17 (c) of the JSE Listings
Requirements the following information is disclosed:
- The dividend has been declared out of income reserves;
- The local Dividend Tax is 20% (twenty per centum);
- The gross local dividend is 300 cents per ordinary share for shareholders exempt from
  Dividend Tax;
- The net local dividend is 240 cents per ordinary share for shareholders liable to pay Dividend Tax;
- Astral Foods Limited has currently 42 922 235 ordinary shares in issue (which includes
  4 088 577 treasury shares held by a subsidiary and 276 775 held in terms a forfeitable share
  scheme); and
- Astral Foods Limited's income tax reference number is 9125190711.

Shareholders are advised of the following dates in respect of the interim dividend:
Last date to trade cum-dividend                                    Tuesday, 8 June 2021
Shares commence trading ex-dividend                              Wednesday, 9 June 2021
Record date                                                        Friday, 11 June 2021
Payment of dividend                                                Monday, 14 June 2021

Share certificates may not be dematerialised or rematerialised between Wednesday, 9 June
2021 and Friday, 11 June 2021, both days inclusive.

On behalf of the board

T Eloff
Chairman

CE Schutte
Chief Executive Officer

Pretoria
17 May 2021

Sponsor
Nedbank Corporate and Investing Banking, a division of Nedbank Limited.






Date: 17-05-2021 07:05:00
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