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SPG
SPG
SPG - Super Group Limited - Trading statement
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000011334
("Super Group" or "the Group")
Trading statement
Super Group is scheduled to release its financial results for the year ended 30
June 2010 on 19 August 2010. In terms of the JSE Limited Listings Requirements,
issuers are required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported upon next will differ by at least 20% from
those of the prior comparative period.
Despite tough economic and trading conditions that prevailed during the year
ending 30 June 2010, the Group is pleased to announce that it has completed the
disposal of the discontinued businesses. The depressed global economic
conditions continue to impact the industry sectors in which Super Group operates
and lower sales volumes across the divisions affected the financial results.
Notwithstanding this position, the Group was able to generate positive earnings
during this year of restructuring.
Shareholders are advised that Super Group is expecting to report a consolidated
net profit for the year ended 30 June 2010 of between R150 million and R170
million, resulting in earnings per share ("EPS") (including losses from
discontinued operations) of between 5.5 cents and 6.3 cents, and a headline
earnings per share ("HEPS") of between 4.5 cents and 5.3 cents. This compares
with a loss of R1 341 million which equates to a loss of 296.1 cents per share
and headline loss of 170.9 cents per share for year ended 30 June 2009. The EPS
and HEPS in the current year have been impacted by the increased weighted
average number of shares in issue resulting from the rights offer.
The net profit from continuing operations is expected to be a profit of between
R155 million and R175 million, equivalent to an EPS of between 5.7 cents and 6.5
cents. Super Group`s continuing operations are expected to generate positive
HEPS of between 6.8 cents and 7.6 cents. The net loss from discontinued
operations is expected to be less than R15 million.
30 June 2010 30 June 2009
Low range High Range Actual
EPS (continuing operations) 5.7 cents 6.5 cents 6.4 cents
HEPS (continuing operations) 6.8 cents 7.6 cents 35.0 cents
EPS 5.5 cents 6.3 cents (296.1) cents
HEPS 4.5 cents 5.3 cents (170.9) cents
Weighted number of shares 2 142 million 2 142 million 457 million
The current year EPS and HEPS are clearly impacted by the increase in the
weighted number of shares in issue compared to the prior year.
Shareholders are further advised that the weighted number of shares for the full
year to 30 June 2011 is expected to be approximately 3.2 billion shares.
The financial information on which this trading statement is based has not been
reviewed or reported on by Super Group`s external auditors.
Sandton
15 July 2010
Sponsor to Super Group: Deutsche Securities (SA) (Proprietary) Limited
Date: 15/07/2010 16:13:07 Produced by the JSE SENS Department.
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