Grindrod Limited announced that the headline loss for the year ended 31 December 2016 is expected to be between ZAR 455 million and ZAR 465 million. Following the first half headline loss of ZAR 381 million the result reflects a gradual improvement in volumes and rates in the second half of the year. The prior year reflected positive headline earnings of ZAR 559 million. Grindrod expects the loss for the year ended 31 December 2016 to be between ZAR 1,695 million and ZAR 1,720 million. Shareholders are advised that the headline loss for the year is expected to be between 62.0 and 60.5 cents per share and a loss per share of between 226 and 229 cents per share.