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1/19/2017 4:31:00 PM
|ADEO: ADCOCK INGRAM HOLDINGS LIMITED - Trading statement|
ADEO: 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. The earnings per share ("EPS") and headline earnings per share ("HEPS") reported for the six-month period ended 31 December 2015 ("previous corresponding reporting period") was 99.6 cents and 99.8 cents respectively. Adcock Ingram is currently finalising its results for the six-month period ended 31 December 2016. Shareholders are advised that during this period, certain non-recurring capital profits arose as a result of the disposal of the GroupÂ´s Indian business. There were also certain non-recurring IFRS 2 charges in the previous corresponding reporting period. Accordingly, shareholders are advised that the Company expects EPS for the six-month period ended 31 December 2016 to be not less than 60% (60 cents) higher, relative to the previous corresponding reporting period. It is further expected that HEPS for the six-month period ended 31 December 2016 will be not less than 40% (40 cents) higher than the previous corresponding reporting period. A more defined range for both EPS and HEPS as required by the JSE Listings Requirements will be announced in a further trading statement 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 19 January 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 19/01/2017 04:31:00 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.
|2017-01-19 16:31:00 Source: JSE News Service (SENS)|