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TBS
TIIH
Tiger Brands - Trading Statement
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN code: ZAE000071080
("Tiger Brands" or "the Company")
TIGER BRANDS LIMITED - TRADING STATEMENT
Shareholders are advised that, having considered the latest financial
information in respect of the year-ended 30 September 2006, it is
expected that headline earnings per share ("HEPS") will reflect an
improvement of between 20% and 24% compared to that achieved in the
previous financial year. Earnings per share ("EPS") for the twelve
months ended 30 September 2006 is expected to be between 54% and 58%
higher than that achieved in the 2005 financial year.
The Company"s principal export-driven businesses, comprising fishing and
deciduous fruit, have benefited significantly in recent months from the
impact of the weaker Rand. The significant variance between the growth
in HEPS and EPS is due to the inclusion, in attributable earnings, of net
abnormal profits of some R466 million in 2006 compared to net abnormal
charges of R107 million in the previous year. The large majority of
these abnormal amounts has been excluded for the purposes of determining
headline earnings, and consequently HEPS.
The results for the twelve months ended 30 September 2006 are expected to
be released on 14 November 2006 at which time a detailed analysis of the
performance of the Company will be provided. The information in this
trading statement has not been reviewed or reported upon by the Company"s
auditors.
Approval of acquisition of Designer Group Holdings Limited
On 8 September 2006 the Company announced it had concluded an agreement
to acquire the entire issued share capital of Designer Group Holdings
Limited, which acquisition would be subject to the appropriate approval
in terms of the Competition Act. The unconditional approval of the
acquisition by the Competition Tribunal was granted on 27 October 2006
and the agreement is unconditional in all respects. The effective date of
the transaction is 1 October 2006.
Designer Group Holdings Limited has an annual turnover of approximately
R260 million and is involved in the manufacture, marketing and
distribution of personal care products in South Africa. It is involved
primarily in the body care, hair care and deodorants categories with
brands such as Protein Feed, Designer Notes, Perfect Touch and Skin
Clinic.
Bryanston
Date: 31 October 2006
Sponsor: J.P. Morgan Equities Limited
Date: 31/10/2006 12:55:07 PM Produced by the JSE SENS Department
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