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7/24/2017 10:36:00 AM
|AIP: ADCOCK INGRAM HOLDINGS LIMITED - Trading statement for the financial year ended 30 June 2017|
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Trading statement for the financial year ended 30 June 2017 Trading statement for the financial year ended 30 June 2017 Adcock Ingram Holdings Limited Incorporated in the Republic of South Africa (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 ("the Company" or `the Group") TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2017 In terms of the JSE Limited Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the results of the previous corresponding period. While the information provided in this trading statement will indicate a very satisfying improvement in both earnings per share ("EPS") and headline earnings per share ("HEPS") for the year under review, for a proper appreciation of the relative annual performance, shareholders should take into account certain losses incurred in the 2016 year and certain contributory profits in this year, that would in the normal course, be excluded from the comparable measurements of the GroupÂ´s customary trading operations. With regard thereto, shareholder attention is drawn to the losses incurred on discontinued operations of R200 million for the year ended 30 June 2016 and the profits of R41 million realized in the first six months of the 2017 financial year on the disposal of the GroupÂ´s Indian selling and distribution business, both of these amounts having relevance to the concluding guidance hereunder. The EPS and HEPS reported for the year ended 30 June 2016, was 101.4 cents and 228.7 cents respectively. Taking the above caveats into account, the Company expects EPS and HEPS for the year ended 30 June 2017 to be not less than 324.5 cents and 297.3 cents respectively, reflecting an increase in the case of EPS of not less than 220% and in the case of HEPS, an increase of not less than 30%. A more defined range and explanation of both EPS and HEPS will be announced in a further trading statement on SENS in due course. The financial information on which this trading statement has been based, has not been reviewed and/or reported on by the CompanyÂ´s external auditors. Midrand 24 July 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/07/2017 10:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
|2017-07-24 10:36:00 Source: JSE News Service (SENS)|