13 May - 2 min read

Trading Statement for the six months ended 31 March 2021

Trading Statement for the six months ended 31 March 2021

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

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2021

Further to the voluntary trading update and trading statement
released on SENS on 17 February 2021, shareholders are advised
that:

  •   Earnings per share (EPS) from total operations for the
      six months ended 31 March 2021 is expected to be between
      295% and 305% (or between 619 cents and 640 cents) higher
      than the 210 cents reported in the same period last year.
  •   Headline earnings per share (HEPS) from total operations
      for the six months ended 31 March 2021 is expected to be
      between 48% and 55% (or between 235 cents and 269 cents)
      higher than the 489 cents reported in the same period
      last year.
  •   EPS from continuing operations for the six months ended
      31 March 2021 is expected to be between 120% and 130% (or
      between 400 cents and 433 cents) higher than the 333
      cents reported in the same period last year.
  •   HEPS from continuing operations for the six months ended
      31 March 2021 is expected to be between 15% and 22% (or
      between 92 cents and 135 cents) higher than the 613 cents
      reported in the same period last year.

As previously indicated, VAMP has been treated as a
discontinued operation for purposes of this disclosure, with
the comparative information restated accordingly.

The improved results in comparison to the trading statement of
17 February 2021 are primarily due to cost savings achieved in
sales and distribution.

The financial information above has not been reviewed or
reported on by the Company´s auditors.

Tiger Brands’ results for the six months ended 31 March 2021
are expected to be released on SENS on or about 20 May 2021.


Bryanston

13 May 2021

                                                                 
Sponsor
J.P. Morgan Equities South Africa Proprietary Limited




                                                        

Date: 13-05-2021 09:00:00
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