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HWN - Howden Africa Holdings Limited - Trading update

Release Date: 06/02/2008 10:53
Code(s): HWN
Wrap Text

HWN - Howden Africa Holdings Limited - Trading update Howden Africa Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1996/002982/06) Share code: HWN & ISIN: ZAE000010583 ("HAHL" or "the Company") Trading update In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will be more than 20% different from that of the previous corresponding period. Accordingly, Shareholders are advised that a review of the financial results by management has indicated that earnings and headline earnings per share are in the range of between 87.0 cents and 92.0 cents for the year ended 31 December 2007. This compares with the earnings and headline earnings per share of 25.17 cents and 25.25 cents respectively for the year ended 31 December 2006. The actual earnings and headline earnings per share for the year ended 31 December 2006 were negatively affected by the STC charge of R12.2 million (18.52 cents per share) in respect of the cash dividend payment of 148.12 cents paid. Excluding the STC charge the earnings and headline earnings per share for the year ended 31 December 2006 were 43.69 cents and 43.77 cents per share respectively. The financial information on which this trading statement is based has not been reviewed or reported on by HAHL`s auditors. The results for the year ended 31 December 2007 are expected to be published on or about 3 March 2008. 6 February 2008 Sponsor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration number 1970/003711/07) Date: 06/02/2008 10:53:01 Supplied by www.sharenet.co.za 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.

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