Sovereign - Trading Statement
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
Further to the trading statement and cautionary announcement released in the
press on 22 July 2004 and in terms of the Listing Requirements of the JSE
Securities Exchange South Africa, shareholders are now advised that Sovereign
expects that the results for the six months ended 31 August 2004 will be between
60% and 80% higher than those for the six months ended 29 February 2004.
The Group had earnings per share of 24.6 cents for the six months ended 29
February 2004.
As previously stated, 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.
Uitenhage
23 August 2004
Sponsor: KPMG
Date: 20/08/2004 01:07:53 PM Produced by the JSE SENS Department
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