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IPL - Imperial Holdings Limited - Voluntary trading statement

Release Date: 08/02/2012 17:50
Code(s): IPL
Wrap Text

IPL - Imperial Holdings Limited - Voluntary trading statement Imperial Holdings Limited Registration number: 1946/021048/06 JSE share code: IPL ISIN: ZAE000067211 ("Imperial" or "the group") VOLUNTARY TRADING STATEMENT This voluntary trading statement is published in compliance with Rule 3.4(b) of the JSE Listings Requirements. EPS, HEPS and Core earnings per share Imperial is pleased to provide guidance regarding the range of the expected change in earnings per share ("EPS"), headline earnings per share ("HEPS") and core earnings per share ("Core EPS") for the half year ended 31 December 2011: Half year ended Dec Half year ended Dec 2010 2011 expected increase/(decrease)
range EPS 731 cents 0% to (6%) HEPS 725 cents 2% to (2%) Core EPS 581 cents 27% to 32% The group has decided to report a core earnings number, which excludes significant non-operational items of income and expenditure from reported headline earnings. The most significant adjustments from HEPS to arrive at Core EPS were; the exclusion of income from the Lereko BEE structure in the prior period of R279m (147 cps) and adding back a charge for business acquisition costs of R53m (28 cps) in the current period. Revenue and Operating profit Imperial performed well in the half year ended 31 December 2011 with strong revenue and operating profit growth. Revenue and operating profit is expected to be between 20% and 25% higher than the comparative period. The forecast financial information herein has not been reviewed or reported on by Imperial`s auditors. This update is based on available information at the time of publication. Imperial`s interim results are expected to be released on SENS on or about 22 February 2012. RA Venter Company Secretary Bedfordview 8 February 2012 Sponsor to Imperial MERRILL LYNCH SOUTH AFRICA (PTY) LIMITED Date: 08/02/2012 17:50:44 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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