|
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 "Company" or "the Group")
Trading statement
Super Group is scheduled to release its financial results for the six months
ending 31 December 2010 on or about the 22 February 2011. 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.
Although the depressed global economic conditions continue to impact the
industry sectors in which Super Group operate, the Group has seen a firming in
volumes and slightly higher sales volumes across the divisions. The improvement
in sales and the impact of the cost cutting measures taken during the previous
financial year have resulted in a satisfactory improvement of earnings for the
period.
Shareholders are advised that Super Group is expecting to report a consolidated
net profit after taxation for the six months ending 31 December 2010 of between
R150 million and R172 million, resulting in earnings per share ("EPS")
(including losses from discontinued operations) of between 4.0 cents and 4.7
cents, and a headline earnings per share ("HEPS") of between 4.0 cents and 4.7
cents. This compares with a consolidated net profit after taxation of R31
million which equates to an EPS of 2.4 cents and HEPS of 1.6 cents for six
months ended 31 December 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 undertaken by the Company in November 2009.
The net profit from continuing operations is expected to be a profit of between
R158 million and R183 million, equivalent to an EPS of between 4.1 cents and 4.8
cents. Super Group`s continuing operations are expected to generate positive
HEPS of between 4.1 cents and 4.8 cents. The net loss from discontinued
operations is expected to be less than R5 million.
31 December 2010 31 December
2009
Expected Low Expected High Actual
Range Range
EPS (continuing operations) 4.1 cents 4.8 cents 6.7 cents
HEPS (continuing operations) 4.1 cents 4.8 cents 6.5 cents
EPS 4.0 cents 4.7 cents 2.4 cents
HEPS 4.0 cents 4.7 cents 1.6 cents
Weighted number of shares 3 201 million 3 201 million 1 059 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.
The financial information on which this trading statement is based has not been
reviewed or reported on by Super Group`s external auditors.
Sandton
23 November 2010
Sponsor to Super Group: Deutsche Securities (SA) (Proprietary) Limited
Date: 23/11/2010 16:24:01 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. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
