Clover Industries Ltd. provided earnings guidance for the year ended June 30, 2013. For the period, the company expects HEPS to be between 0% and 5% higher than the 116.0 cents for the previous year ended 30 June 2012; and EPS to be between 10% and 20% higher than the 114.6 cents for the prior year ended 30 June 2012. The improvement is largely attributable to the implementation of selling price increases to the market during
January 2013; reduced promotional activities following the selling price increases; cost saving initiatives; and exchange rate profits made by certain African subsidiaries due to the weakening of the Rand.