TBS 201610280016A
Trading Statement
Tiger Brands Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
'Tiger Brands' or 'the Company'
TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listings
Requirements of the JSE Limited, shareholders are advised that
Tiger Brands is satisfied that a reasonable degree of
certainty exists with regard to its financial results for the
year ended 30 September 2016 to enable it to issue this
trading statement.
As previously reported, Tiger Branded Consumer Goods Plc
("TBCG"), formerly Dangote Flour Mills, was disposed of with
effect from 25 February 2016. As a result, it has been
reflected as a discontinued operation for the period up to the
date of its disposal, with the comparative information
restated accordingly.
Shareholders are advised that:
- Earnings per share (EPS) from total operations (including
TBCG) is expected to be between 2 007 cents and 2 061
cents or between 88% and 93% higher than the 1 068 cents
reported for the comparative period.
- Headline earnings per share (HEPS) from total operations
(including TBCG) is expected to be between 2 105 cents
and 2 154 cents or between 18% and 21% higher than the 1
786 cents reported for the comparative period.
- EPS from continuing operations (excluding TBCG) is
expected to be between 1 958 cents and 2 055 cents or
between 1% and 6% higher than the 1 930 cents reported
for the comparative period.
- HEPS from continuing operations (excluding TBCG) is
expected to be between 2 091 cents and 2 154 cents or
between an unchanged amount and 3% higher than the 2091
cents reported for the comparative period.
The information in this trading statement has not been
reviewed or reported on by the Company's auditors.
The Company will release its results for the year ended 30
September 2016 on Wednesday, 23 November 2016.
Bryanston
28 October 2016
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
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