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APN - Aspen - Trading Update

Release Date: 01/09/2009 10:10
Code(s): APN
Wrap Text

APN - Aspen - Trading Update Aspen Pharmacare Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1985/002935/06) Share code: APN & ISIN: ZAE000066692 ("Aspen") Trading update Aspen shareholders are hereby advised that earnings per share, for the 12 months ended 30 June 2009, are forecast to exceed those reported in the comparative period, ended 30 June 2008, by 45% to 55%. Headline earnings per share are forecast to exceed those of the comparative period by 60% to 70%. The higher forecast increase in headline earnings per share is caused by the exclusion of non-recurring capital profits and losses in the determination thereof. Aspen`s international operations, which have been significantly expanded over the past eighteen months, have contributed strongly to this growth whilst the South African operations have returned positive results, despite the challenging trading and economic environment. Having given consideration to Aspen`s existing debt service commitments and future possible investments, the Aspen Board of Directors has resolved that there will be no cash distribution paid to shareholders this year. The financial results, on which this trading announcement is based, have not been reviewed or reported on by Aspen`s external auditors. Aspen`s results will be published on SENS on 08 September 2009. Johannesburg 01 September 2009 Sponsor Investec Bank Limited Date: 01/09/2009 10:10:02 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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