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CLOVER INDUSTRIES LIMITED - Trading statement

Release Date: 23/12/2014 15:30
Code(s): CLR     PDF:  
Wrap Text
Trading statement

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

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited,
companies are obliged to provide guidance to the market when they
are satisfied that a reasonable degree of certainty exists that
the financial results for the forthcoming reporting period will
differ by at least 20% from the results of the previous
corresponding reporting period.

Accordingly, shareholders of the Company are advised that Clover
expects headline earnings per share (“HEPS”) for the six months
ended 31 December 2014 to be at least 30% or 23.2 cents higher
than the corresponding reporting period of the previous year’s
HEPS of 77.3 cents. Further, earnings per share (“EPS”) for the
six months ended 31 December 2014 are expected to be at least 25%
or 21.8 cents higher than the corresponding reporting period of
the previous year’s EPS of 87.0 cents.

There is currently insufficient certainty to enable the Group to
provide specific guidance on the extent of this impact on HEPS end
EPS and it is anticipated that Clover will publish a further
trading statement closer to the release of its interim financial
results on the Stock Exchange News Service on or about 16 March
2015.

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

Johannesburg
23 December 2014

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

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