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Pioneer Food Group Ltd (PFGJ.J)

PFGJ.J on Johannesburg Stock Exchange

11,550.00ZAc
23 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Pioneer Food Group says FY HEPS down 55 pct to 410 cents
Monday, 20 Nov 2017 12:05am EST 

Nov 20 (Reuters) - PIONEER FOOD GROUP LTD ::FY ‍REVENUE DECREASED BY 5% FROM R20.6 BILLION​.FY ‍PROFIT BEFORE TAX AMOUNTED TO R985 MILLION AFTER FINANCE COSTS OF R197 MILLION​.‍FY TOTAL GROUP EARNINGS PER SHARE DECREASED BY 57% TO 390 CENTS PER SHARE (2016: 912 CENTS PER SHARE).​.‍FY HEADLINE EARNINGS PER SHARE (HEPS), DECREASED BY 55% TO 410 CENTS PER SHARE (2016: 904 CENTS PER SHARE)​.‍GROSS FINAL DIVIDEND OF 260 CENTS (2016: 260 CENTS) PER SHARE HAS BEEN APPROVED AND DECLARED BY BOARD FOR YEAR ENDED 30 SEPTEMBER 2017.‍FORESEE POSITIVE OUTLOOK FOR PIONEER FOODS IN CURRENT FINANCIAL YEAR AND BEYOND.  Full Article

Pioneer Foods says to acquire full ownership of Heinz Foods SA​
Monday, 6 Nov 2017 10:00am EST 

Nov 6 (Reuters) - Pioneer Food Group Ltd::‍ACQUISITION OF OUTSTANDING 50.1% IN ITS JOINT VENTURE, FROM HEINZ FOODS SA PROPRIETARY LIMITED, A SUBSIDIARY OF KRAFT HEINZ COMPANY.​.‍HEINZ FOODS SA WILL BECOME A WHOLLY OWNED SUBSIDIARY OF PIONEER FOODS.​.CO WILL ENTER INTO A 2 -YEAR AGREEMENT WITH KRAFT HEINZ PURSUANT TO WHICH THEY WILL MANUFACTURE AND DISTRIBUTE HEINZ TOMATO KETCHUP PRODUCTS​.‍TRANSACTION IS EXPECTED TO CLOSE IN Q1 OF 2018, PENDING REGULATORY APPROVAL.​.‍PIONEER FOODS WILL ALSO DISTRIBUTE HP & LEA PERRINS PRODUCTS AND CERTAIN OTHER KRAFT HEINZ PRODUCTS.​.  Full Article

Pioneer Food says FY ‍revenue decreased by between 4 pct and 6 pct
Monday, 23 Oct 2017 02:30am EDT 

Oct 23 (Reuters) - Pioneer Food Group Ltd :FY ‍REVENUE DECREASED BY BETWEEN 4% AND 6% FROM R20.6 BILLION​.  Full Article

Pioneer Food says Tertius Carstens to take over as CEO on Oct. 1
Friday, 1 Sep 2017 06:05am EDT 

Sept 1 (Reuters) - Pioneer Food Group Ltd ::CEO PHIL ROUX HAS, AFTER CONSULTATION WITH BOARD, INFORMED BOARD OF HIS DECISION TO RETIRE ON OCT 1, 2017.‍COMPANY WILL RETAIN ROUX'S SERVICES AS A STRATEGIC ADVISOR UNTIL 30 NOVEMBER 2019​.TERTIUS CARSTENS WILL TAKE OVER AS CEO ON 1 OCTOBER 2017​.  Full Article

Pioneer Food says group turnover down by 4 pct for ten months ended July 31
Tuesday, 8 Aug 2017 11:05am EDT 

Aug 8 (Reuters) - PIONEER FOOD GROUP LTD ::GROUP TURNOVER DECREASED BY 4% FOR TEN MONTHS ENDED 31 JULY 2017, COMPARED TO A 2% INCREASE REPORTED FOR SIX MONTHS ENDED 31 MARCH 2017.TURNOVER DECLINE MAINLY BE ATTRIBUTED TO PRICE DEFLATION IN MAIZE RESULTING IN ESSENTIAL FOODS' REVENUE DECLINING IN SECOND SIX MONTHS OF FINANCIAL YEAR.  Full Article

Pioneer Food says HY HEPS fell 47 pct to 253.4 cents/shr
Monday, 22 May 2017 01:05am EDT 

May 22 (Reuters) - Pioneer Food Group Ltd : :JSE: PFG - Unaudited condensed consolidated interim financial statements for the six months ended 31 March 2017 <<>>.HEPS for six months to March 31 decreased by 47 percent to 253.4 cents per share.Anticipate improvement in performance in H2 of financial year notwithstanding a "constrained trading environment in South Africa".Pioneer foods will continue to be vigilant for acquisitions as a growth vector to bolster core business.Gross interim dividend for six months ended 31 March 2017 of 105 cents (2016: 105 cents) per share has been approved.Revenue for six months to March 31 at 10.18 billion Rand, up 2 pct.UK business was affected by higher irrecoverable input costs due to Brexit.  Full Article

Pioneer Food Group names Felix Lombard as new CFO
Thursday, 18 May 2017 02:30am EDT 

May 18 (Reuters) - Pioneer Food Group Limited ::Appointment of Felix Lombard as new cfo of pioneer foods.In addition to finance responsibilities of group, cfo will be accountable for IT and M&A functions of group.Felix will assume role of CFO from 1 July 2017.  Full Article

Pioneer Food Group sees HY HEPS between 233.0 cents and 261.5 cents per share
Thursday, 4 May 2017 02:00am EDT 

May 4 (Reuters) - Pioneer Food Group Ltd ::HY HEPS is expected to be between 233.0 cents and 261.5 cents per share compared to 556.4 cents per share year ago.  Full Article

Zeder Investments says caution no longer required in deal with co's securities
Friday, 21 Apr 2017 03:01am EDT 

April 21 (Reuters) - Zeder investments Ltd ::Given that pioneer foods have withdrawn their cautionary announcement, caution is no longer required when dealing in securities.  Full Article

Pioneer Foods withdraws cautionary statement due to sovereign debt downgrade
Friday, 21 Apr 2017 03:00am EDT 

April 21 (Reuters) - Pioneer Food Group Ltd ::Withdrawal Of Cautionary Announcement .Due to recent sovereign debt rating downgrades in South Africa, potential for additional downgrades, parties have decided to discontinue negotiations at this time.Caution is no longer required to be exercised by shareholders when dealing in company's securities..  Full Article

BRIEF-Pioneer Foods says to acquire full ownership of Heinz Foods SA​

* ‍ACQUISITION OF OUTSTANDING 50.1% IN ITS JOINT VENTURE, FROM HEINZ FOODS SA PROPRIETARY LIMITED, A SUBSIDIARY OF KRAFT HEINZ COMPANY.​