LATEST NEW ARTICLES
NEWS ARTICLE 2O10
TIGER BRANDS LIMITED
"Tiger Brands", or "the Company"
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
Shareholders are advised that, having considered the latest financial information in respect of the six months ended 31 March 2010, it is expected that both group headline earnings per share ("HEPS") and earnings per share (“EPS”) will reflect an improvement of between 3% and 8% compared to that achieved in the corresponding period of the previous financial year.
As previously advised, the Company’s BEE Phase II transaction which was approved by shareholders on 12 October 2009, became effective on 20 October 2009. Arising from this transaction, a once-off abnormal charge amounting to R150,7 million after tax has been included in HEPS and EPS for the six months ended 31 March 2010. Excluding this once- off abnormal charge, it is anticipated that both HEPS and EPS for the half year ended 31 March 2010, will reflect an increase of between 18% and 23% compared to that achieved in the corresponding period last year.
The results for the six months ended 31 March 2010 will be released on 18 May 2010 when a detailed analysis of the performance of the Company will be provided. The information in this trading statement has not been reviewed or reported on by the Company's auditors.
Bryanston
Date: 09 March 2010
Sponsor:
JP Morgan Equities Limited