SUR 201309040016A
Trading Statement
SPUR CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/000828/06)
Share Code: SUR & ISIN: ZAE000022653
("Spur" or "the company")
TRADING STATEMENT
Shareholders are advised that Spur is expecting to report
growth of between 19% and 24% in headline earnings per
share and diluted headline earnings per share for the
financial year ended 30 June 2013 compared to the previous
comparable period, being the financial year ended 30 June
2012.
Shareholders are further advised that profit before income
tax for the period in question includes a charge of R23.6
million (R4.0 million in the previous comparable period) in
respect of the group’s cash-settled share appreciation
rights incentive scheme and a credit arising from the
related hedging instrument of R34.3 million (R7.5 million
in the previous comparable period) as more fully described
in notes 21 and 15 on pages 116 and 113 respectively of the
company’s integrated annual report for the year ended 30
June 2012. Excluding the impact of the share appreciation
rights incentive scheme, foreign exchange gains and losses,
the impact of the Captain DoRegos acquisition with effect
from 1 March 2012 and one-off items in both the current and
previous comparable periods, the company is expecting to
report growth in profit before income tax for the financial
year ended 30 June 2013 of between 11% and 16% compared to
the previous comparable period.
The financial information on which this trading statement
is based has not been reviewed or reported on by the
company’s auditors. Spur’s reviewed consolidated results
for the year ended 30 June 2013 are expected to be
published on 12 September 2013.
Cape Town
4 September 2013
Sponsor
SASFIN CAPITAL
A division of Sasfin Bank Limited
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