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Rolfes Holdings Limited - Operational Update And Trading Statement

Release Date: 12/12/2016 07:05:00      Code(s): RLF     
ROLFES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
("Rolfes" or "the Company")

OPERATIONAL UPDATE AND TRADING STATEMENT

Rolfes is a black empowered, platform chemical group targeting
the need for food security and clean water through its
agricultural, food, industrial and water divisions expanding
progressively in domestic, developed and foreign emerging
markets.

Rolfes? focus during the past five months was on increasing
markets share, working capital management, improving operating
profit margin performance and increasing return on capital
invested.

The board is pleased to provide the following operational update
to the market regarding current operational performance.

Agriculture

The division supplies foliar feed, organic and adjuvant products
into mostly high-value permanent and semi-permanent crops
situated around irrigation areas therefore providing a natural
barrier against drought conditions. Drought conditions improved
towards the latter part of November 2016 resulting solid growth
on operating profit level on the comparative July to November
period.

Food

The division distributes food ingredients into various
industries. Operating profit growth has been driven by national
market share gains in Gauteng and in coastal regions established
during the previous financial year, rising food prices and
increased staple demand.

Industrial

The division supplies traded products into the industrial,
manufacturing, agriculture and water industries. Local market
share growth, good cost control and effective management of
resources contributed to the pleasing growth in operating profit
of the business.

Water

The water division provides specialized water purification
products and solutions into the water filtration industrial and
mining industries. New management on board and divisional
restructuring initiatives contributed to an improved operating
profit performance.

Trading update

With three (3) weeks of trading remaining for the six months to
31 December 2016, current estimates indicate that headline
earnings per share ("HEPS") and earnings per share ("EPS") will
be in excess of 25% higher (Expected HEPS and EPS in excess of
35, 4 cents and 35, 4 cents respectively) compared to the six
months to 31 December 2015(HEPS and EPS of 28, 4 cents and 28, 3
cents respectively). Once the Company has further certainty on
expected HEPS and EPS, a further trading statement will be
released on SENS.

The information in this operational and trading update has not
been reviewed or reported on by the Company?s auditors. The
company intends to publish its interim financial results for the
period ending 31 December 2016 on SENS by close of business on 20
February 2017.

Johannesburg
12 December 2016

Sponsor: Grindrod Bank Limited
Investor relations: Singular Systems

Date: 12/12/2016 07:05:00 Supplied by www.sharenet.co.za                     
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