Italtile Limited - Preliminary reviewed condensed Group results for the year ended 30 June 2018 and dividend declaration - Condensed Group statements of comprehensive income

for the year ended 30 June 2018

		(Rand millions unless otherwise stated)
	% increase	Reviewed year to 30 June 2018	Audited year to 30 June 2017
Turnover	65	6 064	3 670
Cost of sales		(3 736)	(2 182)
Gross profit	56	2 328	1 488
Other operating income		417	392
Operating expenses		(1 227)	(832)
Profit on sale of property, plant and equipment		#	15
Trading profit	43	1 518	1 063
Investment income		61	32
Finance cost		(35)	(1)
Profit from associates – after tax		31	96
Profit before taxation	32	1 575	1 190
Taxation		(429)	(310)
Profit for the year	30	1 146	880
Other comprehensive income
Items that may be reclassified subsequently to profit or loss (net of taxation):
Foreign currency translation difference		(29)	(24)
Items that have been reclassified subsequently to profit or loss:
Recycling of foreign currency translation difference on the Australian disposal		–	(75)
Other comprehensive income from associates		4	(7)
Total comprehensive income for the period	45	1 121	774
Profit attributable to:
– Equity shareholders		1 080	845
– Non-controlling interests		66	35
	30	1 146	880
Total comprehensive income attributable to:
– Equity shareholders		1 055	739
– Non-controlling interests		66	35
	45	1 121	774
Earnings per share (all figures in cents):
– Earnings per share	6	95,0	89,7*
– Headline earnings per share	12	95,0	85,1*
– Diluted earnings per share	6	94,6	89,2*
– Diluted headline earnings per share	12	94,6	84,7*

#	Less than R1 million.
*	Adjusted to account for Rights Offer bonus element.

Investor contacts

The Italtile Building
Cnr William Nicol Drive and Peter Place
Bryanston

PO Box 1689
Randburg 2125

Telephone: +27 11 510 9050
Fax: +27 11 510 9060