Enhanced Investments - Financial Portal

Unaudited Interim Results for the six months ended 31 March 2022

Published: 2022-05-16 09:03:33 ET

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 2022
- Revenue increase 26%
- Operating profit increase 134%
- Earnings per share increase 146%
- Headline earnings per share increase 138%
- Interim dividend 790 cents per share

FINANCIAL RESULTS
                                                                       Unaudited
                                                 Unaudited            six months        Audited
                                                six months                 ended      12 months
                                                     ended              31 March          ended
                                                  31 March                  2021   30 September
                                                      2022        %     Restated           2021
                                                     R'000   change        R'000          R'000
Revenue
From continuing operations                       9 427 269       26    7 452 551     15 865 938
From discontinued operations                        94 574        3       91 553        181 300
Profit before interest and tax
(operating profit)
From continuing operations                         785 326      134      336 000        710 999
From discontinued operations                        17 105       97        8 686         20 427
Profit for the period
From continuing operations                         546 860      145      223 002        459 641
From discontinued operations                        14 979      126        6 627         14 082
Total assets                                     8 139 428        8    7 560 768      7 834 985
Total equity                                     4 508 355       12    4 014 111      4 161 191
Total liabilities                                3 631 073        2    3 546 657      3 673 794
Earnings per share (rand per share)                 R14.56      146        R5.92         R12.25
From continuing operations (rand per share)         R14.22                 R5.78         R11.92
From discontinued operations (rand per share)        R0.33                 R0.14          R0.33
Headline earnings per share (rand per share)        R14.20      138        R5.97         R12.28
From continuing operations (rand per share)         R13.86                 R5.82         R11.92
From discontinued operations (rand per share)        R0.33                 R0.14          R0.33
Dividends per share - declared out of
earnings for the period
- Interim dividend (rand per share)                  R7.90                 R3.00          R3.00
- Final dividend (rand per share)                                                         R4.00
- Total dividend (rand per share)                                                         R7.00

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/interim-results-2022.html, 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/2022/jse/isse/ARL/ie2022.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 16 May 2022 to 19 May 2022, 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 NO 41
The Board has approved an interim dividend of 790 cents per ordinary share (gross) in respect of the six
months ended 31 March 2022.

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 790 cents per ordinary share for shareholders exempt from Dividend Tax;
- The net local dividend is 632 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 437 095 restricted shares held in treasury in terms a forfeitable
  share incentive 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, 7   June   2022
Shares commence trading ex-dividend                          Wednesday, 8   June   2022
Record date                                                    Friday, 10   June   2022
Payment of dividend                                            Monday, 13   June   2022

Share certificates may not be dematerialised or rematerialised between Wednesday, 8 June 2022 and
Friday, 10 June 2022, both days inclusive.

On behalf of the Board
T Eloff
Chairman

CE Schutte
Chief Executive Officer

Pretoria

16 May 2022

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.