Pioneer Food Group Ltd. provided earnings guidance for the six months ended March 31, 2015. The company announced that financial results for the six months ended March 31, 2015, will show a 20% or more difference from the previous corresponding period. Shareholders are hereby advised that a reasonable degree of certainty exists that the adjusted headline earnings per share and adjusted earnings per share from continuing operations of Pioneer Foods for the 6 month period ended 31 March 2015, will increase by more than 20% from the comparative period.

Accordingly, shareholders are advised that adjusted headline earnings per share will be between 439 cents and 459 cents, or between 35% and 41% higher than the 325 cents reported for the 6 month period ended 31 March 2014 and adjusted earnings per share from continuing operations will be between 441 cents and 460 cents, or between 36% and 42% higher than the 325 cents reported for the 6 month period ended 31 March 2014. Adjusted operating profit from continuing operations will be between ZAR 1,127 million and ZAR 1,178 million, or between 32% and 38% higher than the ZAR 855 million for the 6 month period ended 31 March 2014. The continuing operations on an adjusted basis, provides a consistent perspective on the operational performance as it excludes discontinued operations relating to Quantum Foods, its unbundling and the impact of the cash-settled Phase 1 (2006) B-BBEE transaction.

Revenue growth from continued operations for the reporting period is in line with the growth reported for the three months to 31 December 2014. Operating performance benefitted from volume growth which translated into market share gains for the power brands, appropriate pricing strategies and the continued focus on cost reduction and efficiencies.