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Unaudited interim financial statements and cash dividend declaration for the six months ended 31 March 2022

Published: 2022-05-27 10:01:10 ET
<<<  go to JSE:QFH company page
QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2013/208598/06
Tax registration number: 9095455193
Share Code: QFH
ISIN Code: ZAE000193686
(“Quantum Foods” or the “Company”)



UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND CASH
DIVIDEND DECLARATION FOR THE SIX MONTHS ENDED 31 MARCH 2022



SALIENT FEATURES

Revenue increased by 7% to R2 828 million, from R2 644 million in the 6 months ended 31 March 2021
(“prior corresponding period”).

Operating profit decreased by 51% to R36 million, from R74 million in the prior corresponding period.

Headline earnings per share decreased by 41% to 15.8 cents, from 26.9 cents in the prior corresponding
period.

Earnings per share decreased by 39% to 16.5 cents, from 26.9 cents in the prior corresponding period.

DIVIDEND DECLARATION

The board of directors of the Company ("Board") has declared an interim gross cash dividend of 8
cents per share for the period ended 31 March 2022 (2021: Nil), from income reserves.

At a rate of 20%, dividends tax will amount to 1.60000 cents per share. Consequently, shareholders
who are not exempt from dividends tax will receive a net dividend amount of 6.40000 cents per share.
Such tax will be withheld unless beneficial owners of the dividend have provided the necessary
documentation to the relevant regulated intermediary to indicate that they are exempt therefrom or
entitled to a reduced rate as a result of the double tax agreement between South Africa and their country
of domicile. The dividend amounts to 8 cents per share for shareholders exempt from dividends tax.

The salient dividend dates are as follows:

 Declaration date                                                              Friday, 27 May 2022
 Last date of trading cum dividend                                           Tuesday, 21 June 2022
 Trading ex-dividend commences                                             Wednesday, 22 June 2022
 Record date                                                                   Friday, 24 June 2022
 Dividend payable                                                            Monday, 27 June 2022

Shareholders may not dematerialise or rematerialise their shares between Wednesday, 22 June 2022
and Friday, 24 June 2022, both days inclusive.

The issued share capital as at declaration date is 200 024 716 shares.
SHORT-FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the Board. It contains only a summary of the
information in the full announcement (“Full Announcement”) and does not contain full or complete
details. The Full Announcement has been released on SENS and can be found at:
https://senspdf.jse.co.za/documents/2022/JSE/ISSE/QFH/Interim_22.pdf and on the Company’s
website at https://quantumfoods.co.za/financial-reports/.

Copies of the Full Announcement may be requested in person, at the Company's registered office,
11 Main Road, Wellington, 7655, or at the office of the Company's sponsor, 17 Fricker Road, Illovo,
2196, at no charge, during office hours.

Any investment decisions by investors and/or shareholders should be based on the consideration of
the Full Announcement, as a whole.

Wellington
27 May 2022

Corporate Advisor and Sponsor
One Capital




Attorneys
Webber Wentzel