Famous Brands Limited - Trading Statement In Respe
FBR
FBR
Famous Brands Limited - Trading Statement In Respect Of The Six Months
Ended 31 August 2006
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 SIX MONTHS ENDED 31 AUGUST 2006
In terms of the Listings Requirements of the JSE Limited, 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 earnings per share and
headline earnings per share for the six months ended 31 August 2006 to be
between 20 to 25 per cent above earnings per share and headline earnings per
share reported for the prior comparative period.
Famous Brands further advises that these results will be presented in accordance
with International Financial Reporting Standards ("IFRS").
This improved performance is primarily attributable to the following:
Strong like-on-like (excluding the contribution from new restaurants) and system
wide sales in the franchise division driven by steadfast demand for the group"s
franchise brands
Sustained growth of the group"s target market - the emerged middle class
Improved turnover in the food services division with integration of a further
portion of the Wimpy manufacturing business.
Whilst margins in the franchise division remained firm, margins in the food
services division continued to be pressured. Management is of the opinion that
a considerably improved performance can be extracted from the food services
division through further optimisation of efficiencies introduced by recent
capital expenditure, and that margin improvement in the food services division
will be achieved by year end.
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 or about Monday,
23 October 2006.
Rosebank
11 October 2006
Sponsor
Java Capital (Proprietary) Limited
Date: 11/10/2006 09:30:11 AM Produced by the JSE SENS Department
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