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Updated trading statement for the year ended 31 March 2013
ILLOVO SUGAR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1906/000622/06)
Share Code: ILV
ISIN: ZAE000083846
(“Illovo” or “the company”)
UPDATED TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2013
The following trading statement is issued for the financial
year ended 31 March 2013.
This statement is issued in compliance with the Listings
Requirements (section 3.4(b)) of the JSE Limited, and is
provided as an update to the prospects contained in the
Interim Report issued on 14 November 2012 and to the Trading
Statement issued on 16 April 2013.
Shareholders were advised in the Trading Statement released on
SENS earlier today that earnings per share and headline
earnings per share for the financial year ended 31 March 2013
are expected to be between 40% and 45% higher than for the
year ended 31 March 2012. Shareholders are, however, advised
that earnings per share for the financial year ended 31 March
2013 are expected to be between 95% and 100% higher than for
the year ended 31 March 2012. This is due to earnings per
share for the year ended 31 March 2012 being negatively
affected by the impairment of the investment in the Mali
project, which does not recur in the year ended 31 March 2013.
The 40%-45% range for headline earnings per share increase
communicated earlier today is unchanged.
The information on which this trading statement has been based
has not been reviewed or reported on by Illovo’s auditors.
The company’s results for the year ended 31 March 2013 are due
to be released on 27 May 2013.
Mount Edgecombe
16 April 2013
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Date: 16/04/2013 02:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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