TBS
TIIH
TBS - Tiger Brands Limited - Trading Statement
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN code: ZAE000071080
TRADING STATEMENT
Shareholders are advised that, having considered the latest financial
information in respect of the six months ended 31 March 2007, it is
expected that headline earnings per share ("HEPS") will reflect an
improvement of between 20% and 25% compared to that achieved in the
comparative reporting period. Earnings per share ("EPS") for the six
months ended 31 March 2007 is expected to be between 15% and 20% lower than
that achieved in the comparative reporting period.
The variance between the percentage change in HEPS and EPS is due to the
inclusion, in attributable earnings, of net abnormal losses of some R62
million in 2007 compared to net abnormal profits of R356 million in the
corresponding period last year. The previous year reflected significant
abnormal profits on the disposal of various offshore investments. The
large majority of these abnormal amounts have been excluded in both the
current period and the comparative reporting period for the purposes of
determining headline earnings, and consequently HEPS.
The results for the six months ended 31 March 2007 are scheduled for
release on 24 May 2007 when a detailed analysis of the performance of the
Company will be provided. The information in this trading statement has
not been reviewed or reported upon by the Company`s auditors.
Bryanston
Date: 7 May 2007
Sponsor: J.P.Morgan Equities Limited
Date: 07/05/2007 11:12:01 Produced by the JSE SENS Department.
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