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RCL Foods Limited (JSE:RCL) News - Trading statement – six months ended December 2021
RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL
(“RCL FOODS" or “the Group”)
TRADING STATEMENT – SIX MONTHS ENDED DECEMBER 2021
In accordance with the JSE Limited Listings Requirements,
shareholders are advised that RCL FOODS expects its headline earnings
per share (“HEPS”) for the six month period ended December 2021
(“current period”) to be between 69.0 cents (+15.6%) and 76.0 cents
(+27.3%) when compared to the reported HEPS of 59.7 cents for the six
month period ended December 2020 (“comparative period”). Earnings per
share (“EPS”) for the current period is expected to be between 70.0
cents (+13.6%) and 77.0 cents (+25.0%) when compared to the reported
EPS of 61.6 cents for the comparative period.
The expected improvement over the comparative period is due to
pleasing performances from all divisions and is also a function of
the base effect of the higher direct costs associated with COVID-19
in the comparative period.
The Group’s financial results for the current period are expected to
be released on SENS on 28 February 2022.
The financial information on which this trading statement is based
has not been reviewed and reported on by the Group’s external
auditors.
Durban
8 February 2022
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08-02-2022 10:00:00
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