Operational update and trading statement
QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/208598/06)
Share code: QFH
(“Quantum Foods” or the “Company”)
OPERATIONAL UPDATE AND TRADING STATEMENT
Shareholders of Quantum Foods (“Shareholders”) are referred to the trading update announcement for
the 4-month period ended 31 January 2022 published by the Company on SENS on 24 February 2022
(“Trading Update”). The Company’s operations for the 2-month period from 1 February 2022 to
31 March 2022 remained consistent with the information as set out in the Trading Update.
In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading
statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results
for the period to be reported on next will differ by at least 20% from the financial results for the previous
Shareholders are hereby advised that for the 6-month period ended 31 March 2022 (“Current Reporting
Period”) a reasonable degree of certainty exists that:
• headline earnings per share (“HEPS”) of the Company will be between 14.5 cents and 17.1 cents
compared to HEPS of 26.9 cents reported in the 6-month period ended 31 March 2021 (“Previous
Corresponding Period”), being a decrease of between 36% and 46%; and
• earnings per share (“EPS”) of the Company will be between 15.2 cents and 17.8 cents compared
to EPS of 26.9 cents reported in the Previous Corresponding Period, being a decrease of between
34% and 44%.
EPS and HEPS for the Current Reporting Period were largely impacted by an outbreak of highly
pathogenic avian influenza at the Lemoenkloof layer farm, further details of which were disclosed in the
Trading Update and remain unchanged.
The direct loss associated with the culling of approximately 400 000 layer hens, and subsequent clean-
up costs at the Lemoenkloof layer farm in the Current Reporting Period, amounted to approximately
R24 million and resulted in a decline of approximately 8.6 cents in both HEPS and EPS, for the Current
Reporting Period when compared to the Previous Corresponding Period.
The insurance claim in respect of the abovementioned costs is in process and has not advanced
sufficiently in order to include any recovery of loss in the Current Reporting Period.
The financial information contained in this announcement is the responsibility of the board of directors of
the Company and has not been reviewed or reported on by external auditors. The financial results for the
6-month period ended 31 March 2022 are expected to be published on SENS on or about
Friday, 27 May 2022.
17 May 2022
Corporate advisor and Sponsor
Date: 17-05-2022 05:00:00
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