To view the PDF file, sign up for a MySharenet subscription.

CLOVER INDUSTRIES LIMITED - Updated trading statement

Release Date: 03/09/2014 16:00
Code(s): CLR     PDF:  
Wrap Text
Updated trading statement

Clover Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
Ordinary Share code: CLR ISIN No: ZAE000152377
("the Company")

UPDATED TRADING STATEMENT

Shareholders are referred to the updated trading statement
released on the Stock Exchange News Service ("SENS") on 21 August
2014 wherein the Company advised that headline earnings per share
("HEPS") for the year ended 30 June 2014 were expected to be
between 14,8% and 19,8% lower than the previous year (FY 2013:
HEPS 119,9 cents) and that earnings per share ("EPS") for the year
ended 30 June 2014 was expected to be between 20,7% and 25,7%
lower than the prior year (FY 2013: EPS 133,1 cents).

Shareholders are now advised that the Company expects HEPS for the
year ended 30 June 2014 to be between 11.8% and 16.8% lower than
the previous year (FY 2013: HEPS 119,9 cents). The Company’s
expectations regarding EPS for the year ended 30 June 2014 remain
unchanged and as announced in the updated trading statement
released on SENS on 21 August 2014.

Major factors that impacted upon the financial performance of the
Company were highlighted in the trading statement announcements
released on SENS on 21 August 2014 and 8 May 2014.

The forecast financial information on which this updated trading
statement is based has not been reviewed and reported on by the
Company’s external auditors.

The Company expects to release its annual financial results for
the year ended 30 June 2014 on SENS on or about 16 September 2014.


Johannesburg
3 September 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 03/09/2014 04:00:00 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.

Share This Story