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.

Media Contact

Deborah-Ann Sharwood
Manager, Group Communication

Glacier Place
1 Sportica Crescent
Tygervalley
7530
South Africa

Tel: +27 21 974 4156

Email me