CLR 201507060009A
Trading statement
Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
Ordinary Share code: CLR
NSX Ordinary Share code: CLN
ISIN No: ZAE000152377
(“Clover” or “the Company” or “the Group”)
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are
required to provide guidance to the market when they are satisfied
that a reasonable degree of certainty exists that the financial
results for the current reporting period will differ by at least
20% from the results of the previous corresponding reporting
period.
Accordingly, shareholders of the Company are advised that Clover
expects headline earnings per share (“HEPS”) for the year ended 30
June 2015 to be at least 20% or 20,55 cents higher than HEPS of
102.7 cents reported in the previous corresponding period, the
year ended 30 June 2014. Earnings per share (“EPS”) for the year
ended 30 June 2015 is expected to be at least 20% or 20,46 cents
higher than EPS of 102.3 cents reported in the previous
corresponding period, the year ended 30 June 2014.
There is currently insufficient certainty to enable the Group to
provide specific guidance on the extent of the expected increase
in both HEPS end EPS and it is anticipated that Clover will
publish a further trading statement closer to the release of its
annual financial results on the Stock Exchange News Service, on or
about 15 September 2015.
The forecast financial information on which this trading statement
is based has not been reviewed and reported on by the Company’s
external auditors.
Johannesburg
6 July 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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