PFG
PFG
PFG - Pioneer Food Group Limited - Trading update
Pioneer Food Group Limited
Incorporated in the Republic of South Africa
Registration number: 1996/017676/06
Share code: PFG
ISIN code: ZAE000118279
("Pioneer Foods" or "the Company")
TRADING UPDATE
Shareholders are hereby advised that Pioneer Foods provided in its previous
comparable interim period for the six months ended 31 March 2010, an amount
of R350 million in respect of the Competition Commission administrative
penalty.
The final results for the six month period ended 31 March 2011 are not yet
known, but will differ from the previous comparable interim period as a result
of the R350 million provision. For the avoidance of doubt a provision of a
similar extend is not foreseen for the six month period ended 31 March 2011.
Pioneer Foods will revert to shareholders with a further trading update (to
quantify the change as a result of the aforesaid non-provision) once certainty
exists in regards to the final financial results for the six month period ended
31 March 2011.
Paarl
30 March 2011
Sponsor
PSG Capital
Date: 30/03/2011 15:00:02 Produced by the JSE SENS Department.
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