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Trading statement
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
(“Super Group” or the “Company” or “the Group”)
Trading statement
Super Group is scheduled to release its financial results for the year
ending 30 June 2012 on or about 20 August 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. The Group
indicated in a trading statement issued together with the February Interim
Results Announcement that EPS and HEPS for the year would be at least 160,0
cents compared to the prior period EPS of 101,3 cents and HEPS of 108,3
cents.
Although global economic conditions have continued to be uncertain, the
regions and industry sectors in which the Group operates have shown moderate
growth. The Group expects the firming in sales volumes experienced during
the first six months ended December 2011 to continue. This improvement in
sales, the continued focus on stringent cost control and savings in net
finance costs will result in an excellent growth in earnings for the year.
Despite the expiration of the ECPG and COJ contracts in Fleet Africa,
shareholders are advised that Super Group is expecting to report a
consolidated net profit after taxation for the year ending 30 June 2012 of
between R572,2 million and R617,1 million, resulting in earnings per share
(“EPS”) of between 165,0 cents and 180,0 cents, and a headline earnings per
share (“HEPS”) of between 165,0 cents and 180,0 cents. This compares with a
consolidated net profit after taxation of R368,7 million which equated to an
EPS of 101,3 cents and HEPS of 108,3 cents for year ended 30 June 2011.
The Group will not, as was done for the year ended 30 June 2011, report
separately on Discontinued Operations for the 2012 year end, since this
number has become insignificant in relation to overall Group results.
30 June 2012 30 June 2011
Expected Low Expected High Actual
Range Range
EPS 165,0 cents 180,0 cents 101,3 cents
HEPS 165,0 cents 180,0 cents 108,3 cents
Weighted number of shares 299,0 million 299,0 million 316,5 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
25 July 2012
Sponsor to Super Group: Deutsche Securities (SA) (Proprietary) Limited
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