Release Date: 28/01/2016 08:08
Code(s): RLF
Wrap Text
Trading Statement

(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
 Share Code: RLF & ISIN: ZAE000159836
("the Company")


In compliance with section 3.4(b) of the JSE Listings
Requirements, the following trading statement is provided to the
market regarding the anticipated headline earnings per share
("HEPS") and earnings per share ("EPS") for the six months to
31 December 2015.

The table below illustrates the ranges anticipated against the
comparative period:

                    6 Months ended      6 Months ended     %
                    31 December 2015    31 December 2014
Earnings per        27.6 – 28.8 cents   23.0 cents         20%-25%
Share ("EPS")
Headline            27.7 – 28.8 cents   23.1 cents         20%-25%
Earnings per
Share ("HEPS")
Normalised          30.5 – 31.7 cents   23.1 cents         32%-37%
Earnings per
Share ("NHEPS")


NHEPS comprises headline earnings per share adjusted for
transaction costs of R4 million incurred in respect of the Bragan
Chemicals acquisition.

Group performance during the reporting period is characterised
by the positive performance and successful integration of the
Bragan Chemicals acquisition and a pleasing performance from
Rolfes Chemicals. The Agri division performed well considering
drought conditions experienced during the past six months. The
Group is looking forward to presenting its interim results.
The information in this trading statement has not been reviewed
or reported on by the Company’s auditors. The Company expects
to publish its unaudited interim financial results for six
months to 31 December 2015 on SENS by close of business on 22
February 2016.

28 January 2016

Sponsor: Grindrod Bank Limited

Financial Communications: Singular Systems

Date: 28/01/2016 08:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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