Clover Industries Limited reported unaudited consolidated earnings results for the six months ended December 31, 2016. For the six months period, the company reported revenue of ZAR 5,128,926,000 compared to ZAR 5,025,465,000 a year ago. Operating profit was ZAR 322,670,000 compared to ZAR 340,274,000 a year ago. Profit before tax was ZAR 269,158,000 compared to ZAR 294,101,000 a year ago. Profit for the period was ZAR 197,936,000 compared to ZAR 218,939,000 a year ago. Profit for the period attributable to equity holders of the parent was ZAR 197,130,000 compared to ZAR 218,044,000 a year ago. Diluted earnings per share were 102.0 cents compared to 113.4 cents a year ago. Headline earnings per share were 99.8 cents compared to 117.0 cents a year ago. Net cash used in operating activities was ZAR 102,745,000 compared to net cash from operating activities of ZAR 135,949,000 a year ago. Capital expenditure: tangible and intangible assets were ZAR 213,947,000 compared to ZAR 174,712,000 a year ago.

The board has approved and declared an interim dividend for the six months ended December 31, 2016 from retained earnings of 24.21000 cents per share, by way of the issue of fully paid Clover ordinary shares or, at the election of the shareholder, a cash dividend alternative, payable to ordinary shareholders recorded in the register of the Company at the close of business on the record date, being April 21, 2017. Ordinary shares trade `ex' the scrip distribution and Cash dividend alternative on April 19, 2017.