Trading statement

Rhodes Food Group 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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