Trading statement
May 3, 2016RFG Foods Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2012/074392/06
JSE share code: RFG
ISIN: ZAE000191979
(“the group”)
TRADING STATEMENT
Shareholders are advised that the group expects the following increase in earnings for the six months ended 27 March 2016:
| Six months ended 29 March 2015 Reported |
Six months ended 27 March 2016 Expected Range |
||
| Earnings per share (EPS) | 26.7c | 85% – 90% higher | 49.4c – 50.7c |
| Headline earnings per share (HEPS) | 26.7c | 85% – 90% higher | 49.4c – 50.7c |
| Diluted HEPS | 25.7c | 85% – 90% higher | 47.5c – 48.8c |
Normalised earnings, excluding the one-off listing costs of R21.8 million in the 2015 period, are expected to be as follows:
| Six months ended 29 March 2015 Reported |
Six months ended 27 March 2016 Expected Range |
||
| Normalised EPS | 36.6c | 35% – 40% higher | 49.4c – 51.2c |
| Normalised HEPS | 36.6c | 35% – 40% higher | 49.4c – 51.2c |
| Normalised diluted HEPS | 35.1c | 35% – 40% higher | 47.4c – 49.1c |
The information in this trading statement has not been reviewed and reported on by the group’s independent external auditors.
The group’s financial results for the six months ended 27 March 2016 will be released on the Stock Exchange News Service of the JSE on 23 May 2016.
Groot Drakenstein
3 May 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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