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India

Pioneer Food Group Ltd (PFGJ.J)

PFGJ.J on Johannesburg Stock Exchange

12,324.00ZAc
13 Dec 2017
Change (% chg)

179.00 (+1.47%)
Prev Close
12,145.00
Open
12,150.00
Day's High
12,498.00
Day's Low
12,000.00
Volume
347,567
Avg. Vol
480,062
52-wk High
18,949.00
52-wk Low
10,827.00

Latest Key Developments (Source: Significant Developments)

Pioneer Foods To Buy UK Granola Brand Lizi's For An Undisclosed Amount​
8:00pm IST 

Dec 13 (Reuters) - Pioneer Food Group Ltd ::‍PIONEER FOODS TO BUY UK GRANOLA BRAND LIZI'S​.DEAL WHICH IS EFFECTIVE IMMEDIATELY SEES PIONEER FOODS UK ACQUIRING 100% OF ISSUED SHARE CAPITAL OF GOOD CARB FOOD CO FOR UNDISCLOSED AMOUNT.  Full Article

Pioneer Food Group says FY HEPS down 55 pct to 410 cents
Monday, 20 Nov 2017 

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 

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 

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

Pioneer Food says turnover for 4 months to Jan.31 up 5.1 percent
Friday, 10 Feb 2017 

Pioneer Food Group Limited : Trading update for 4 months ended 31 january 2017 . Pioneer foods increased group turnover by 5.1 pct for four months to 31 January 2017 . Contracting volumes were evident in a number of categories for varying reasons. South african business increased turnover by 7.6 pct, whilst international turnover declined by 10.3 pct . International division encountered strong headwinds . Manufacturing consolidation, cost and an efficiency focus continues to make progress. . High base-effect of beverages in prior year, due to extremely hot summer season, was not repeated this year .Final approval from kenyan competition authorities for weetabix east africa transaction remains outstanding..  Full Article

Pioneer Food says in talks with CIPC over annual returns disclosure issues
Thursday, 13 Oct 2016 

Pioneer Food Group Limited : Jse: Pfg - Voluntary Announcement . Refer to CIPC news published in media on 11 oct that implicates co,others in under-disclosing certain turnover values in annual return submissions to CIPC . Pioneer Foods has been engaging CIPC since receipt of initial communication from them in August 2016 .Amount due to CIPC was r3000 together with penalties of r1000. Payment process was already initiated on 28 September 2016.  Full Article

Pioneer Food as Cindy Hess resigned as CFO
Monday, 3 Oct 2016 

Pioneer Food Group Ltd : Cindy Hess has resigned as chief financial officer of Pioneer Foods, effective Oct. 31 2016 .Cas Lamprecht will assume role of acting CFO until a suitable replacement has been appointed.  Full Article

Pioneer Food six-month diluted HEPS rises 63 pct
Monday, 23 May 2016 

Pioneer Food Group Ltd : Unaudited condensed consolidated interim financial statements for the six months ended 31 March 2016 . For first six months ended March 31, continuing operations revenue. +9% . Diluted headline earnings per share 517 cents +63% for six months ended 31 March . Interim gross dividend per listed ordinary share (2015: 95 cents) 105 cents +11% . Capital expenditure of R349 million is r53 million higher than comparative period .Total capital expenditure for year, including replacement capital, is forecasted at R930 million.  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.​