Rhodes Food Group: Announces Trading Statement

Groot Drakenstein / ZA. (rfg) In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial results for the period to be reported on next will differ by at least 20 percent from the financial results for the previous corresponding reporting period.

Shareholders of South Africa’s Rhodes Food Group Holdings are advised that the group expects the following increase in earnings for the year ended 25 September 2016 (versus FY-2015, ended 27 September 2015):

	FY-2015 (reported)	FY-2016 (expected)	FY-2016 (expected)
Earnings per share (EPS)	0.771 ZAR	67% to 72% higher	1.288 to 1.326 ZAR
Headline earnings per share (HEPS)	0.774 ZAR	67% to 72% higher	1.293 to 1.331 ZAR
Diluted HEPS	0.744 ZAR	67% to 72% higher	1.242 to 1.280 ZAR

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Normalised earnings, excluding the once-off listing costs of 21.8 million ZAR in the 2015 period, are expected to be as follows:

	FY-2015 (reported)	FY-2016 (expected)	FY-2016 (expected)
Normalised EPS	0.870 ZAR	48% to 53% higher	1.288 to 1.331 ZAR
Normalised HEPS	0.874 ZAR	48% to 53% higher	1.294 to 1.337 ZAR
Normalised diluted HEPS	0.839 ZAR	48% to 53% higher	1.242 to 1.284 ZAR

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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 year ended 25 September 2016 will be released on the Stock Exchange News Service of the JSE on 21 November 2016.