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pioneer foods group ltd (PFG) Details

Pioneer Food Group Ltd, together with its subsidiaries, manufactures and sells food, beverage, and related products for human and animal consumption in South Africa. It operates through Essential Foods, Groceries, International, and Other segments. The company produces wheaten flour, maize meal, rice, pasta, bread, legumes, and beans and other dried vegetables; and breakfast cereals, rusks, cake mixes, baking aids, dried fruits, nuts, sweet and savory spreads, processed salads, tunas and salmons, instants mashes, jellies, instant puddings, condiments, and baked beans. It also provides fruit juices, fruit concentrate mixtures, dairy fruit blends, mineral water, ice tea, and carbonated soft drinks; and frozen food products comprising pies, pure pastries, sausage rolls, burgers, and pizza and party packs. In addition, the company engages in the bakery and fruit snacking operations. It operates under the SASKO, Weet-Bix, Ceres, Liqui Fruit, Safari, Spekko, White Star, Crossbow, IMBO, Blue Bird, Champion, Select Rice, Nice Rice, Pasta Grande, Bokomo Corn Flakes, Bokomo Bran Flakes, Nature’s Source, ProNutro, OTEES, KreemyMeel, Maltabella, Bokomo Oats, Fruitree, Lipton Ice Tea, Moir’s, Bovril, Marmite, Redro, Peck’s Anchovette, Wild Island, Daly’s, Caribbean, Bokomo Rusks, Werda, Smash, Maizena, Lea & Perrins, Man's Meals, Mama’s, Big Jack, John West, Today, HP Sauce, Wellington's, Bokomo, Liqui-Cooler, Jabba, Acres, Right Start, FutureLife, W. Daly & Son, Jungle Yum, Heinz, and Super Fruit brand names. The company serves wholesale, retail, and trade customers. It also exports its products to approximately 60 countries worldwide. Pioneer Food Group Ltd was incorporated in 1996 and is based in Bellville, South Africa.

Founded in 1996

pioneer foods group ltd (PFG) Top Compensated Officers

CEO & Executive Director
Total Annual Compensation: R7.5M
CFO & Executive Director
Total Annual Compensation: R5.9M
Lead Independent Director
Total Annual Compensation: R718.0K
Strategic Advisor
Total Annual Compensation: R6.9M
Compensation as of Fiscal Year 2018.
pioneer foods group ltd
Pioneer Food Group Ltd, H1 2019 Earnings Call, May 20, 2019

Pioneer Food Group Ltd, H1 2019 Earnings Call, May 20, 2019

Pioneer Food Group Ltd Declares Gross Interim Dividend on Ordinary Share for the Six Month Ended 31 March 2019, Payable on 1 July 2019; Declares Gross Interim Dividend on Class A Ordinary Share, Payable on July 2019

The Board of Pioneer Food Group Ltd. approved and declared a gross interim dividend of 105.0 cents per ordinary share for the six months ended 31 March 2019, compared to gross interim dividend of 105.0 cents per ordinary share a year ago. This will amount to approximately ZAR 221,431,469 compared to interim of ZAR 234,130,426 a year ago, depending on the exact number of ordinary shares in issue at the record date. Trading ex-dividend commences on 26 June 2019. Record date is 28 June 2019. Dividend payable on 1 July 2019. The Board also approved a gross interim dividend of 31.5 cents per class A ordinary share compared to 31.5 cents per class A ordinary share a year ago, will be paid during July 2019, being 30% of the dividend payable to the other class ordinary shareholders in terms of the rules of the relevant employee scheme. This will amount to approximately ZAR 869,255 compared to interim of ZAR 927,577 a year ago, depending on the exact number of class A ordinary shares in issue at the record date.

Pioneer Food Group Ltd Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2019

Pioneer Food Group Ltd. reported unaudited consolidated earnings results for the six months ended March 31, 2019. For the six months, the company reported revenue of ZAR 11,039.3 million against ZAR 9,898.9 million a year ago. Operating profit was ZAR 725.2 million against ZAR 991.7 million a year ago. Profit for the period was ZAR 512.1 million against ZAR 622.2 million a year ago. Basic earnings per ordinary share was 272.3 cents against 332.5 cents a year ago. Diluted earnings per ordinary share was 272.3 cents against 315.2 cents a year ago.

 

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