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2/14/2017 3:02:00 PM
|AIP: ADCOCK INGRAM HOLDINGS LIMITED - Further trading statement|
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Further trading statement Further trading statement Adcock Ingram Holdings Limited Incorporated in the Republic of South Africa (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram" or "the Company") FURTHER TRADING STATEMENT In terms of the JSE Limited ("JSE") 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, in this case for the six months ended 31 December 2015 ("the previous corresponding reporting period"). In an earlier trading statement released on SENS on 19 January 2017, shareholders were advised that the Company expected to report increases in earnings per share (EPS) and headline earnings per share (HEPS) from total operations of not less than 60% and 40% respectively, compared to the previous corresponding reporting period. A more defined range of earnings was also to be provided when such information became available. Shareholders were also advised earlier, that during the six-month period ended 31 December 2016, a non- recurring capital profit arose as a result of the disposal of the GroupÂ´s Indian business and certain non-recurring IFRS 2 costs, were incurred in the previous corresponding reporting period. Having regard to the above, shareholders are advised that EPS for the period under review, will reflect an increase of between 65% and 71%, being 164 and 170 cents per share, compared to the previous corresponding reporting period (December 2015: 99.6 cents). HEPS for the period under review, will reflect an increase of between 45% and 49% being, 145 cents and 149 cents per share (December 2015:99.8 cents). The financial information on which this trading statement is based has not been reviewed and reported on by the CompanyÂ´s external auditors. Adcock Ingram is currently finalising its results for the six-month period ended 31 December 2016, which are expected to be released on SENS on or about 22 February 2017, in which more comprehensive details will be provided. Midrand 14 February 2017 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 14/02/2017 03:02:00 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.
|2017-02-14 15:02:00 Source: JSE News Service (SENS)|