Condensed annual financial statements for the year ended 30 September 2013

SALIENT FEATURES – 2013

  • Revenue - 20 551 million (+ 10%)
  • Final gross dividend per listed ordinary share (2012: 70 cents) – 86 cents (+ 23%)
  • Operating profit (before items of a capital nature) – R1 057 million (+ 2%)
  • Adjusted operating profit (before items of a capital nature)* – R1 271 million (+ 9%)
  • Earnings per share - 274 cents (- 18%)
  • Earnings per share for continuing operations – 384 cents (+ 13%)
  • Headline earnings per share – 389 cents (+ 15%)
  • Adjusted headline earnings* – R826 million (+ 13%)
  • Adjusted headline earnings per share* – 456 cents (+ 12%)
  • Net asset value per share – 3 598 cents (+ 5%)

Phil Roux, CEO of Pioneer Foods, commented: “Significant change is under way at Pioneer Foods to position the organisation more competitively. Notwithstanding the aforementioned, the organisation has shown resilience by producing a fair set of results in a constrained and highly competitive market environment. Certain categories excelled while others encountered stronger headwinds. That said, clarity of strategic direction enabled by a more efficient business model should bode well for medium term prospects for the organisation.”

The full financial results can be viewed on the financial results page of the investor section.

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