Tiger Brands Limited - Trading Statement Update
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN code: ZAE000071080
TIGER BRANDS LIMITED
TRADING STATEMENT UPDATE
On 17 August 2005 the Company advised that, based on its results for the year to
date and the trading outlook for the remainder of the year, it was expecting
that headline earnings per share ("HEPS") for the twelve months ending 30
September 2005 would reflect an improvement of between 20% and 30% compared to
that achieved in the previous financial year.
In that announcement it was also stated that earnings per share ("EPS") for the
twelve months to 30 September 2005 was expected to be between 40% and 50% higher
than that achieved in the previous year.
Shareholders are advised that, having considered the latest financial
information relevant to the year-ended 30 September 2005, it is now expected
that HEPS will reflect an improvement of between 30% and 35% compared to that
achieved in the previous financial year.
EPS for the twelve months to 30 September 2005 is now expected to be between 50%
and 55% higher than that achieved last year. The reason for the disparity
between the rates of increase in EPS and HEPS, as previously advised, is the
reduction in attributable earnings in the prior year caused by the impairment in
that year of the Group"s investment in 50% held associate C & T Malt. The
impairment write-down was excluded for the purpose of determining HEPS in 2004.
It is expected that the results for the twelve months ended 30 September 2005
will be released on 24 November 2005. The information in this trading statement
update has not been reviewed or reported on by the Company"s auditors.
Bryanston
1 November 2005
Sponsor
JP Morgan Equities Limited
Date: 01/11/2005 10:50:05 AM Produced by the JSE SENS Department
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