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HWN - Howden Africa Holdings Limited - Trading update

Release Date: 28/07/2008 13:12
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. Shareholders are advised that forecast earnings and headline earnings per share from continuing operations are in the range of between 40.2 cents and 47.6 cents for the six months to 30 June 2008, which compares with the earnings and headline earnings per share of 35.34 cents and 36.89 cents respectively from continuing operations for the six months ended June 2007. The forecast earnings and headline earnings per share for the six months ended 30 June 2008,is affected by the STC charge of R6.6 million (10.00 cents per share) in respect of the dividend payment declared at the Annual General meeting on 5 June 2008 and paid on 7 July 2008. Excluding the STC charge on the dividend the forecast earnings and headline earnings per share would be between 50 cents and 57 cents. 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 six month period ended 30 June 2008 are expected to be published on or about 29 August 2008. 28 July 2008 Sponsor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration number 1970/003711/07) Date: 28/07/2008 13:12:02 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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