Revised trading statement
ILLOVO SUGAR LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1906/000622/06)
Share Code: ILV
(“Illovo”) or (“the Company”)
REVISED TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2016
Shareholders are referred to the revised trading statement for the
year ended 31 March 2016 published on 18 September 2015, in which
shareholders were advised that:-
- earnings per share (“eps”) for the year ended 31 March 2016 were
expected to reflect a decline of between 50% (89.7 cents) and
70% (53.8 cents) compared to that for the year ended
31 March 2015 (179.4 cents); and
- headline earnings per share (“heps”) for the year ended
31 March 2016 were expected to remain in line with the range
reported on 25 May 2015, ie, a decrease of between 25%
(134.2 cents) and 45% (98.4 cents) compared to that for the
period ended 31 March 2015 (179.0 cents).
Shareholders are now advised that a reasonable degree of certainty
exists that Illovo’s eps and heps for the year ended 31 March 2016
will be approximately as follows, compared to the year ended
31 March 2015.
31 March 2015 Actual 31 March 2016
(cents) Expected percentage /cents
EPS 179.4 125.9
HEPS 179.0 113.6
The estimated eps decline reported in September 2015 was
subsequently mitigated by the finalisation of the closure of the
furfural-based nematicide business in the United States of America
and a profit realised on the disposal of an immovable property in
The estimated heps for the year ended 31 March 2016 is in line with
the range reported on 18 September 2015, referred to above.
The financial information in this trading statement has not been
reviewed and reported on by the Company’s auditors.
The Company’s Preliminary Report for the period ended 31 March 2016
will be published on or about 3 June 2016.
T S Munday
9 May 2016
J.P. Morgan Equities South Africa Proprietary Limited
Date: 09/05/2016 11:06:00 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.
Email this JSE Sens Item to a Friend.