UPDATE 1-Tiger Brands:H1 headline EPS to rise by up to 9 pct
* Says EPS seen up 21-25 pct
* Shares fall over 1 pct
(Adds details, shares)
JOHANNESBURG, May 6 (Reuters) - South Africa's biggest consumer goods firm Tiger Brands (TBSJ.J) said on Wednesday it expects a rise of between 5-9 percent in first-half headline EPS from continuing operations, sending its shares lower.
Tiger Brands, which scrapped the 8 billion rand ($938.7 million) proposed offer for AVI Limited (AVIJ.J) in March, said in a statement EPS for the six months to end March was expected to between 21-25 percent higher.
The company said the cost related to the scrapped bid for AVI hit its headline EPS, while its EPS was boosted by 112.3 million rand impairment of the carrying value of the goodwill associated with its Beverage business.
Shares in the company fell 1.05 percent to 134.75 rand after the announcement, lagging a 2.99 percent rise in the JSE Top-40 index of blue chips .JTOPI.
The company said total group headline EPS, which include results of its fishing unit Sea Harvest, which it is selling, and its unbundled healthcare unit Adcock Ingram (AIPJ.J), was expected to decline 15-19 percent.
(Reporting by Tiisetso Motsoeneng)
