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SPG - Super Group Limited - Trading statement

Release Date: 01/12/2011 17:26
Code(s): SPG
Wrap Text

SPG - Super Group Limited - Trading statement Super Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1943/016107/06) Share code: SPG ISIN: ZAE000011334 ("Super Group" or the "Company" or "the Group") Trading statement Super Group is scheduled to release its financial results for the six months ending 31 December 2011 on or about 21 February 2012. In terms of the JSE Limited Listings Requirements, issuers are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from those of the prior comparative period. Although the uncertain global economic conditions continue to negatively impact the industry sectors in which Super Group operates, the Group has seen a firming in sales volumes across all divisions. The improvement in sales and the continued stringent control of costs have resulted in a satisfactory improvement of earnings for the period. Shareholders are advised that Super Group is expecting to report a consolidated net profit after taxation for the six months ending 31 December 2011 of between R256 million and R271 million, resulting in earnings per share ("EPS") of between 7.5 cents and 8.0 cents, and a headline earnings per share ("HEPS") of between 7.5 cents and 8.0 cents. This compares with a consolidated net profit after taxation of R171.6 million which equates to an EPS of 4.7 cents and HEPS of 4.7 cents for six months ended 31 December 2010. The Group will not, as was done for the year ended 30 June 2011, report separately on Discontinued Operations for the 2012 interims and year end, since this number has become insignificant in relation to overall Group results. 31 December 2011 31 December 2010 Expected Low Expected High Actual
Range Range EPS 7.5 cents 8.0 cents 4.7 cents HEPS 7.5 cents 8.0 cents 4.7 cents Weighted number of shares 3 056 million 3 056 million 3 201 million The financial information on which this trading statement is based has not been reviewed or reported on by Super Group`s external auditors. Sandton 1 December 2011 Sponsor to Super Group: Deutsche Securities (SA) (Proprietary) Limited Date: 01/12/2011 17:26:53 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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