SOVEREIGN FOOD INVESTMENTS LIMITED - TRADING STATEMENT AND CAUTIONARY
ANNOUNCEMENT
SOVEREIGN FOOD INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
Registration Number 1995/003990/06
Share Code: SOV ISIN Number: ZAE000009221
(`Sovereign` or `the company`)
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
In terms of the Listing Requirements of the JSE Securities Exchange South
Africa, shareholders are advised that Sovereign expects that the results for the
six months ended 31 August 2004 will be materially higher than those reported in
the six months ended 29 February 2004, and substantially higher than those
reported in the six months ended 31 August 2003. The word `materially` in this
context is defined as meaning between a 10% and 30% increase or decrease. The
word `substantially` in this context is defined as meaning equal to or greater
than a 30% increase or decrease.
The Group had earnings per share of 24.6 cents for the six months ended 29
February 2004.
At the time of the publication of the Group`s results for the year to 29
February 2004, the strategic shift undertaken by the Group was discussed in
detail. This strategic realignment entailed the Group returning to the business
model that had in the past been particularly successful. It was stated at that
time that the full impact of this strategy would only be seen in the six months
to August 2004 and the Board is pleased to be able to confirm that the process,
though ongoing, has thus far yielded extremely pleasing results.
The financial information on which this trading statement has been based has not
been reviewed or reported on by the company`s auditors, therefore, shareholders
are advised to exercise caution when dealing in Sovereign shares on the JSE
Securities Exchange South Africa until the interim results are published.
Uitenhage
22 July 2004
Sponsor: KPMG
Date: 21/07/2004 05:15:03 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
