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Clover Industries Limited (“Clover” and/or “Group”), a branded foods and beverages Group, has enjoyed a long and successful history as part of the development of South Africa’s dairy and fast moving consumer goods industry. Clover has been a household name for more than 100 years, and listed on the main board of the Johannesburg Stock Exchange on 14 December 2010.

OUR VISION

To be a leading branded foods and beverages group in South Africa and selected other African countries, providing accessible nutrition to all consumers...

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OUR MISSION

Reaching the Group’s widely dispersed consumers/ customers on a daily basis...

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OUR STRATEGY

Clover’s corporate strategy is to build onto existing competencies within the Group and to establish a culture of exceptional performance with a view to set a platform for future market expansion...

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Nature of this Integrated Annual Report for the financial year ended 30 June 2014


This Integrated Annual Report presented by Clover Group is a truncated account of its operational and financial affairs during the course of its past financial year, covering the period 1 July 2013 to 30 June 2014. The report deals with the extent to which Clover has succeeded in attaining its objectives and the manner in which it executed its strategies. It seeks to cover also the processes through which it interacts and communicates with its stakeholders and in particular how it continuously strives to adhere to principles of sound corporate governance in its quest to enhance the interest and welfare not only of all its stakeholders but, indeed, the broader community within which it conducts its businesses and affairs.

Based on the recommendations of the Audit and Risk Committee the Board has approved the Integrated Annual Report.

The Board authorised the Integrated Annual Report for release.

WI Büchner
Chairman

JH Vorster
Chief Executive

15 September 2014

SALIENT FEATURES

8,9%

REVENUE

Increased to
R8,5 billion

24,0%

OPERATING PROFIT

Decreased to
R282,3 million

12,8%

HEADLINE EARNINGS

Decreased to
R187,5 million

14,3%

HEPS

Decreased to
102,7 cents

0,0%

TOTAL DIVIDEND PER SHARE

Maintained at
32 cents