TBS
TIIH
TBS - Tiger Brands Limited - Voluntary Trading Statement
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN code: ZAE000071080
("Tiger Brands" or "the Company")
VOLUNTARY TRADING STATEMENT
Tiger Brands believes that sufficient certainty exists with regard to its
performance for the six months ended 31 March 2010 to enable it to issue this
trading statement.
Shareholders are advised that, having considered the latest financial
information in respect of the six months ended 31 March 2010, it is expected
that both group headline earnings per share ("HEPS") and earnings per share
("EPS") will reflect an improvement of between 3% and 8% compared to that
achieved in the corresponding period of the previous financial year.
As previously advised, the Company`s BEE Phase II transaction which was
approved by shareholders on 12 October 2009, became effective on 20 October
2009. Arising from this transaction, a once-off abnormal charge amounting to
R150,7 million after tax has been included in HEPS and EPS for the six months
ended 31 March 2010. Excluding this once- off abnormal charge, it is
anticipated that both HEPS and EPS for the half year ended 31 March 2010, will
reflect an increase of between 18% and 23% compared to that achieved in the
corresponding period last year.
The results for the six months ended 31 March 2010 will be released on 18 May
2010 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 on by the Company`s auditors.
Bryanston
Date: 4 May 2010
Sponsor:
JP Morgan Equities Limited
Date: 04/05/2010 12:17:01 Produced by the JSE SENS Department.
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