Company Report: Zeder (ZED)
Zeder released their results for the year ended 29 February 2016.
Headline earnings increased by 66% to 36.5c per share.
The total dividend came in at 9c up 64% year on year.
As at the end of the financial year, the SOTP (Sum of the Parts) value per share decreased by 13% to R8.03. The movement was mainly due to weaker share price performance by Pioneer Foods which decreased by 21% during the reporting period.
During the year under review Zeder acquired the remaining 25% interest held by minority shareholders in Capespan to increase their total interest to 96.6%.
Pioneer Foods headline earnings from continuing operations increased by 30% for the year ended 30 September 2015.
Capespan reported a modest increase in recurring headline earnings for the year ended 31 December 2015.
Kaap Agri delivered encouraging results and reported a 16% increase in headline earnings for the year ended 30 September 2015.
Zaad reported a 20% increase in recurring headline earnings for the year ended 29 February 2016.
Agrivision reported a 7US$ loss for the financial year ended 31 December 2015.
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