TBS
TIIH
TBS - Tiger Brands Limited - Voluntary trading statement
TIGER BRANDS LIMITED
"Tiger Brands" or "the Company"
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
VOLUNTARY TRADING STATEMENT
Tiger Brands believes that sufficient certainty exists with regard to its
performance for the year ended 30 September 2010 to enable it to issue this
trading statement.
Shareholders are advised that, having considered the latest financial
information in respect of the year ended 30 September 2010, it is expected
that headline earnings per share ("HEPS") and earnings per share ("EPS") will
reflect declines of between 1% and 4% and between 11% and 14% respectively,
compared to the previous financial year.
As advised previously to shareholders, Tiger Brands implemented its BEE Phase
II transaction in October 2009. This transaction gave rise to a once-off
charge amounting to R152,7 million after tax, which is disclosed as an
abnormal item in the income statement for the year ended 30 September 2010.
Excluding this amount, HEPS is expected to show an increase of between 4% and
7% compared to the figure of 1 407.4 cents reported in respect of the previous
financial year.
The results for the year ended 30 September 2010 will be released on 24
November 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
08 November 2010
Sponsor:
J.P. Morgan Equities Limited
Date: 08/11/2010 14:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
