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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 "Company" or "the Group")
Trading statement
Super Group is scheduled to release its financial results for the year ending 30
June 2011 on or about the 16 August 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.
Global economic conditions are gradually improving which will assist the
industry sectors in which Super Group operate. The Group expects the modest
firming in sales volumes experienced during the first six months ended December
2010 to continue. This improvement in sales, the impact of the cost cutting
measures taken during the previous financial year and savings in net finance
costs will result in a satisfactory growth in earnings for the year.
Shareholders are advised that Super Group is expecting to report a consolidated
net profit after taxation for the year ending 30 June 2011 of between R342
million and R374 million, resulting in earnings per share ("EPS") (including
losses from discontinued operations) of between 9.5 cents and 10.5 cents, and a
headline earnings per share ("HEPS") of between 10.0 cents and 11.0 cents. This
compares with a consolidated net profit after taxation of R169 million which
equated to an EPS of 6.4 cents and HEPS of 5.8 cents for year ended 30 June
2010. 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 result from discontinued
operations is expected to be breakeven or marginally positive.
30 June 2011 30 June 2010
Expected Low Expected High Actual
Range Range
EPS (continuing operations) 9.5 cents 10.5 cents 6.5 cents
HEPS (continuing operations) 10.0 cents 11.0 cents 7.4 cents
EPS 9.5 cents 10.5 cents 6.4 cents
HEPS 10.0 cents 11.0 cents 5.8 cents
Weighted number of shares 3 165 million 3 165 million 2 146 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 May 2011
Sponsor to Super Group: Deutsche Securities (SA) (Proprietary) Limited
Date: 23/05/2011 07:05:37 Produced by the JSE SENS Department.
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