Pioneer Food announced consolidated audited earnings results for the year ended September 30, 2018. For the period, the company reported overall deflation reflected in the revenue growth or 3% to ZAR 20,151.9 million as compared to ZAR 19,575.0 million a year ago. Operating profit was ZAR 1,645.6 million as compared to ZAR 1,099.2 million a year ago. Profit before income tax was ZAR 1,476.1 million as compared to ZAR 985.0 million a year ago. Profit for the year was ZAR 1,077.1 million as compared to ZAR 726.2 million a year ago. Diluted earnings per ordinary share were ZAR 546.5 as compared to ZAR 366.0 a year ago. Headline earnings per ordinary share were ZAR 545.0 as compared to ZAR 410.1 a year ago. Diluted adjusted headline earnings per ordinary share were ZAR 525.7 as compared to ZAR 414.6 a year ago. Adjusted headline earnings per ordinary share were ZAR 552.8 as compared to ZAR 442.2 a year ago. Diluted headline earnings per ordinary share were ZAR 518.4 as compared to ZAR 384.5 a year ago.