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Trading Statement
TORRE INDUSTRIAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR
ISIN: ZAE000169322
(“Torre” or “the Company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE 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 next reporting period will vary by more than
20% from those of the previous corresponding reporting period
or from a profit forecast previously provided to the market in
relation to such period.
Accordingly, the earnings per share for the year ended 30 June
2013 are expected to be between 5.73 and 5.85 cents and the
headline earnings per share are expected to be between 3.99
and 4.21 cents, compared to a loss per share and a headline
loss per share of 0.63 and 1.07 cents respectively for the
year ended 30 June 2012.
Shareholders are reminded that Torre’s results for the year
ended 30 June 2013 are consolidated based on 12 months of SA
French Ltd (“SA French”), 11 months of Torre, 7 months of
Forktech (Pty) Ltd and 1 month of Tractor and Grader Supplies
(Pty) Ltd, whereas the audited results for 30 June 2012 were
based solely on the results of SA French.
The information detailed above has not been reviewed or
reported on by the Company’s auditors.
Johannesburg
18 September 2013
Designated Adviser
PSG Capital (Pty) Ltd
Corporate Adviser
Afrasia Corporate Finance (Pty) Ltd
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