FBR
FBR
FBR - Famous Brands Limited - Trading Statement
FAMOUS BRANDS LIMITED
Incorporated in the Republic of South Africa
Registration number 1969/004875/06
Share code: FBR
ISIN: ZAE000053328
"Famous Brands" or "the group"
TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 28 FEBRUARY 2007
In terms of the Listings Requirements of the JSE Limited ("JSE Listings
Requirements"), companies are required to publish a trading statement as soon as
they become aware that the financial results for the period to be reported upon
next will differ by at least 20% from that of the previous corresponding period.
Famous Brands accordingly advises that it expects headline earnings and headline
earnings per share for the year ended 28 February 2007 to be between 30 to 40
percent above headline earnings and headline earnings per share reported for the
previous corresponding period.
This improved performance is primarily attributable to the following:
- The positive impact of the robust trading environment experienced and the
take on of the Wimpy brand manufacturing business.
- The synergy between the group`s convenience-centered value-for-money
offerings and the entrenchment of Quick Service Restaurants and casual
dining as a way of life for time-poor, double income families.
Improved margins have been achieved across the group`s divisions as a result of
extracting efficiencies from existing and new capacity in the business.
The information on which the above trading statement is based has not been
reviewed or reported on by the company`s auditors.
The financial results of the group will be published on SENS on Monday, 14 May
2007.
Rosebank
3 May 2007
Sponsor
Java Capital (Proprietary) Limited
Date: 03/05/2007 14:00:02 Produced by the JSE SENS Department.
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