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Unaudited Interim Results for the six months ended 31 March 2023
Astral Foods Limited
Incorporated in the Republic of South Africa
Registration no: 1978/003194/06
Share code: ARL
ISIN: ZAE000029757
Unaudited Interim Results for the six months ended 31 March 2023
- Revenue up 6%
- Operating profit down 89%
- Earnings per share down 89%
- Headline earnings per share down 88%
- Net cash outflow down R1.2 billion
- No dividend down 100%
FINANCIAL RESULTS
Unaudited Unaudited Audited
six months six months 12 months
ended ended ended
31 March 31 March 30 September
2023 % 2022 2022
R'000 change R'000 R'000
Revenue
From continuing operations 9 963 795 6 9 427 269 19 333 850
From discontinued operations - (100) 91 553 125 795
Profit before interest and tax
(operating profit)
From continuing operations 98 047 (88) 785 326 1 439 778
From discontinued operations - (100) 8 686 17 743
Profit for the period
From continuing operations 62 037 (89) 546 860 1 054 616
From discontinued operations - (100) 14 979 15 960
Total assets 9 006 990 11 8 139 428 8 438 309
Total equity 4 571 825 1 4 508 355 4 786 007
Total liabilities 4 435 165 22 3 631 073 3 652 302
Earnings per share R1.62 (89) R14.56 R27.81
From continuing operations R1.62 R14.22 R27.45
From discontinued operations - R0.33 R0.36
Headline earnings per share R1.63 (88) R14.20 R27.62
From continuing operations R1.63 R13.86 R27.26
From discontinued operations - R0.33 R0.36
Dividends per share - declared out of
earnings for the period
- Interim dividend - R7.90 R7.90
- Final dividend - R5.90
- Total dividend - R13.80
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
("Board"). 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/assets/AstralSENS.pdf,
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/2023/jse/isse/ARL/ie2023.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). 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.
On behalf of the Board
T Eloff
Chairman
CE Schutte
Chief Executive Officer
Pretoria
22 May 2023
Sponsor
Nedbank Corporate and Investing Banking, a division of Nedbank Limited
Date: 22-05-2023 07:05:00
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