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ASTRAL FOODS LIMITED - General trading update

Release Date: 16/03/2021 07:05
Code(s): ARL     PDF:  
Wrap Text
ASTRAL FOODS LIMITED
('Astral' or the 'Group')
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757

GENERAL TRADING UPDATE


Astral's earnings per share ('EPS') and headline earnings
per share ('HEPS') for the six months ending 31 March 2021
(the 'Interim Period') are expected to be down by not more
than 45% on the comparative previous interim period's
reported results of 951 cents per share for both EPS and
HEPS. EPS and HEPS will be at least 523 cents per share for the six months ending 31 March 2021.
The trading results for the Interim Period are compared to
results in respect of the comparative previous interim
period for the six months ended 31 March 2020, which was
not affected by the impact of Covid-19 at the time.
The impact of the Covid-19 related lockdown on the economy,
and constrained consumer spending has remained evident
through the Interim Period. In addition, Astral's poultry
operations have not been able to recover significant
increases in feed costs in the selling price of poultry products during this reporting period.
The above information has not been reviewed or reported on
by Astral's external auditor. A further trading statement
will be released once reasonable certainty exists on the range of the decrease in EPS and HEPS.
It is expected that the results for the six months ending
31 March 2021 will be published on SENS on or about 17 May 2021. Pretoria 16 March 2021
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 16-03-2021 07:05:00
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