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2018-01-16 07:05:00 AM
|AIP: ADCOCK INGRAM HOLDINGS LIMITED - Trading statement|
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Trading statement 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") 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. Shareholders are reminded that the earnings per share (EPS) and headline earnings per share (HEPS) for the six-month period ended 31 December 2016 (previous corresponding reporting period) was 168.9 cents and 148.6 cents respectively. The difference of 20.3 cents substantially arose through certain non-trading capital profits on the disposal of the GroupÂ´s business in India during October 2016. Shareholders are advised that the Company expects HEPS for the six-month period ended 31 December 2017 to be not less than 27% (40 cents) higher than the previous corresponding reporting period. It is further expected that EPS for the six-month period ended 31 December 2017 will not be less than 12% (20 cents) higher, relative to the previous corresponding reporting period. Adcock Ingram is in the process of finalising the results for the six-month period ended 31 December 2017 and a more defined range of both EPS and HEPS (as required by the JSE Listings Requirements) will be announced in a further Trading Statement on SENS in due course. The financial information on which this Trading Statement is based has not been reviewed and reported on by the CompanyÂ´s external auditors. Midrand 16 January 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 16/01/2018 07:05:00 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.
|2018-01-16 07:05:00 Source: JSE News Service (SENS)|