THE SPAR GROUP LIMITED - Clarification announcement in respect of the unaudited interim results for the six months ended 31 March 2018

Release Date: 31/05/2018 15:55
Code(s): SPP
 
Wrap Text
Clarification announcement in respect of the unaudited interim results for the six months ended 31 March 2018

THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
(“Company”)

CLARIFICATION ANNOUNCEMENT IN RESPECT OF THE UNAUDITED INTERIM RESULTS FOR
THE SIX MONTHS ENDED 31 MARCH 2018

Further to the interim results announcement published on SENS on Wednesday, 30 May 2018, it is
confirmed that the Company’s normalised headline earnings per share information was incorrectly stated
as 509.1 cents per share, as a result of an error arising from the disclosure of the net exchange differences
and foreign exchange translation arising from SPAR Holding AG financial liability.

The correct information is detailed as follows:


                                                                                           31 March 2018
Normalised headline earnings per share (cents)                                                     488.3
Change (%)                                                                                           9.7

Note 4. Financial Risk Management

SPAR Holding AG
                                                                                    unaudited six months
R’million                                                                              ended March 2018
 Balance at the beginning of the year                                                              736.3
 Finance costs recognised in profit or loss                                                          7.0
 Net exchange differences arising during the period                                                (20.1)
 Foreign exchange translation                                                                      (63.3)
 Balance at end of the period                                                                      659.9



For further information please contact: The Company Secretary (mandy.hogan@spar.co.za).


Pinetown
31 May 2018

Sponsor
One Capital

Date: 31/05/2018 03:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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