TORRE INDUSTRIES LIMITED - Trading statement for the six months ended 31 December 2017

Trading statement for the six months ended 31 December 2017

TORRE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR     ISIN: ZAE000188629
(“Torre” or “the Group”)


TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2017


In terms of paragraph 3.4(b) of the JSE Limited Listings
Requirements, listed companies are required to publish a
trading statement as soon as the board of directors is
satisfied that a reasonable degree of certainty exists that
the financial results for the period to be reported on next
will vary by 20% or more when compared to those of the
previous corresponding reporting period.

Torre is currently finalising its interim financial results
for the six months ended 31 December 2017, expected to be
announced on the Stock Exchange News Service on 27 February
2018.

Torre shareholders are advised headline earnings per share
(“HEPS”) and earnings per share (“EPS”) for the period are
expected to be higher than reported HEPS and EPS for the
previous corresponding reporting period ended 31 December 2016
due to:

  -   Improved operational performance, specifically in the
      Analytical Services segment; and
  -   Once-off restructuring and relocation costs included in
      prior period earnings.

As such, HEPS and EPS for the six months ended 31 December
2017 are expected to increase from the previous corresponding
reporting period as follows:

6 months to 31 December 2016      6 months to 31 December 2017
                        Actual                  Expected range
HEPS                3.65 cents        4.47 cents to 5.10 cents
                                             (  22% to 40% up)
EPS                 3.27 cents        4.50 cents to 5.00 cents
                                               (38% to 53% up)


The financial information on which this trading statement is
based has not been reviewed and reported on by Torre’s
external auditors.

Torre will host a conference call on the financial results for
the six months ended 31 December 2017 at 11h00 CAT on 27
February 2018.

Anyone who wishes to listen to the presentation of the Group’s
interim results can pre-register on the home page of Torre’s
website: http://www.torreindustries.com

The presentation will also be available on Torre’s website on
the morning of the conference call
(www.torreindustries.com/investor-presentations).


Johannesburg
13 February 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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