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SUPER GROUP LIMITED - Trading statement for the six-month period ended 31 December 2015

Release Date: 12/02/2016 09:00
Code(s): SPG     PDF:  
Wrap Text
Trading statement for the six-month period ended 31 December 2015

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 for the six-month period ended 31 December 2015

This trading statement is issued in terms of paragraph 3.4(b)(i) of the JSE
Listings Requirements.

Super Group is scheduled to release its financial results for the six months
ended 31 December 2015 on or about 16 February 2016.

Notwithstanding the difficult South African economic environment, Super
Group has seen a reasonable increase in sales volumes across most of its
businesses. The financial results for the six-month period ended 31 December
2015 include Allen Ford for six months as opposed to one month in the
previous comparable period, and include the new acquisitions namely IN tIME
Holding GmbH (“IN tIME”) for two months and NLC Proprietary Limited (“NLC”)
for one month.

Shareholders are advised that Super Group is expecting to report an increase
in consolidated net profit after taxation for the six months ended 31
December 2015 to between R597,3 million and R605,1 million, resulting in an
increase in earnings per share (“EPS”) to between 152,9 cents (+20,7%) and
154,9 cents (+22,3%), an increase in headline earnings per share (“HEPS”) to
between 158,2 cents (+20,4%) and 160,2 cents (+21,9%) and an increase in
Core Earnings per share (“Core HEPS”) to between 157,5 cents (+10,1%) and
159,5 cents (+11,5%). The Group reported a consolidated net profit after
taxation of R490,8 million for the six months ended 31 December 2014. EPS of
126,7 cents (129,6 cents*), HEPS of 131,4 cents (134,4 cents*)and Core HEPS
of 143,1 cents (146,3 cents*) for the 6 months ended 31 December 2014 have
been restated and will be published in the results for the six months ended
31 December 2015. *The figures published for the six month period ended 31
December 2014.

The difference between HEPS and Core HEPS is attributable to the exclusion
of a one-off foreign exchange profit on the forward cover transaction taken
out at the time the IN tIME agreement was signed, the acquisition costs for
IN tIME and NLC, amortisation of intangibles and B-BBEE related costs. The
restatements of the EPS, HEPS and Core HEPS for the six-month period ended
31 December 2014 are standard restatements in terms of IAS33 relating to the
rights issue undertaken by the Company in October 2015.

The financial information on which this trading statement is based has not
been reviewed or reported on by Super Group’s external auditors.

Sandton
12 February 2016

Sponsor to Super Group: Deutsche Securities (SA) Proprietary Limited

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