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2018-02-13 07:20:00 AM
|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" or "the Group") 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 of the previous corresponding reporting period. In the CompanyÂ´s trading statement released on the Stock Exchange News Service (SENS) on 16 January 2018 (initial trading statement), shareholders were advised that the Company expected to report increases in headline earnings per share (HEPS) and earnings per share (EPS) for the six-month period ended 31 December 2017 of not less than 27% (40 cents) and 12% (20 cents) 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 in the initial trading statement that, during the six-month period ended 31 December 2016 (previous corresponding reporting period), certain non-trading capital profits arose on the disposal of the GroupÂ´s business in India during October 2016. Having regard to the above, shareholders are advised that the Company expects HEPS for the six-month period ended 31 December 2017 to reflect an increase of between 27% and 30%, being 188.6 cents and 193.6 cents, compared to the previous corresponding reporting period (December 2016: 148.6 cents). EPS for the six-month period ended 31 December 2017is expected to reflect an increase of between 12% and 15% being 188.9 cents and 193.9 cents (December 2016: 168.9 cents). Adcock Ingram is currently finalising its results for the six-month period ended 31 December 2017, which are expected to be released on SENS on or about 21 February 2018, in which more comprehensive details will be provided. The financial information on which this trading statement is based has not been reviewed and reported on by the CompanyÂ´s external auditors. Midrand 12 February 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/02/2018 07:20:00 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.
|2018-02-13 07:20:00 Source: JSE News Service (SENS)|