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 six months ended 31 March 2011 to enable it to issue this
voluntary trading statement.
Shareholders are advised that, having considered the latest financial
information in respect of the six months ended 31 March 2011, it is expected
that both group headline earnings per share ("HEPS") and earnings per share
("EPS") will reflect an improvement of between 10% and 15% 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 was included in HEPS and EPS for the six months ended 31 March 2010.
Excluding this once-off abnormal charge from the 2010 half year results, it is
anticipated that both HEPS and EPS for the six months ended 31 March 2011 will
reflect a decrease of between 1% and 3% compared to that achieved in the
corresponding period last year.
The results for the six months ended 31 March 2011 will be released on 30 May
2011 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
17 May 2011
Sponsor:
JP Morgan Equities Limited
Date: 17/05/2011 16:52:01 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
