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TRUWORTHS INTERNATIONAL - NOTICE TO SHAREHOLDERS

Release Date: 03/03/1999 08:01
Code(s): TRU
Wrap Text

TRUWORTHS INTERNATIONAL ("TI") ANNOUNCED ITS RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 1998 ON 17 FEBRUARY 1999. SUBSEQUENT TO THE PUBLICATION OF THE ANNOUNCEMENT, A REDUCTION IN THE CORPORATE TAX RATE FROM 35% TO 30% WAS ANNOUNCED. TI'S MAJOR SHAREHOLDER, WOOLTRU LIMITED, TODAY ANNOUNCES ITS RESULTS FOR THE PERIOD 31 DECEMBER 1998, IN WHICH IT REFLECTS EARNINGS FOR TI BASED ON THE LOWER COMPANY TAX RATE.
TI WISHES TO INFORM ITS SHAREHOLDERS OF THE EFFECT OF EARNINGS OF THE LOWER TAX RATE AS FOLLOWS: SIX MONTHS ENDED
31 DECEMBER %
1998 1997 CHANGE RM RM NET PROFIT ATTRIBUTABLE TO ORDINARY SHAREHOLDERS -
AS REPORTED 82,9 62,7 32,1 ADJUSTMENTS DUE TO LOWER TAX RATE (30% VS 35%): CURRENT TAX CHARGE 5,4 - DEFERRED TAX OPENING BALANCE 0,1 - NET PROFIT ATTRIBUTABLE TO ORDINARY SHAREHOLDERS -
ADJUSTED 88,4 62,7 41,0 EARNINGS PER SHARE - AS
REPORTED (CENTS) 19,1 14,7 29,9 EARNINGS PER SHARE -
ADJUSTED (CENTS) 20,4 14,7 38,8 HEADLINE EARNINGS - AS
REPORTED (CENTS) 75,5 66,0 14,4 HEADLINE EARNINGS -
ADJUSTED (CENTS) 80,6 66,0 22,1 HEADLINE EARNINGS PER SHARE -
AS REPORTED (CENTS) 17,4 15,5 12,3 HEADLINE EARNINGS PER SHARE -
ADJUSTED (CENTS) 18,6 15,5 20,0

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