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MEDICLINIC INTERNATIONAL LIMITED - Trading statement unaudited group results for the six months ended 30 September 2013

Release Date: 28/10/2013 14:42
Code(s): MDC     PDF:  
Wrap Text
MEDICLINIC INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1983/010725/06)
(Share code: MDC)
(ISIN: ZAE000074142)
("Mediclinic" or 'the Company')


TRADING STATEMENT ' UNAUDITED GROUP RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2013
Mediclinic is in the process of finalising its interim results for
the six months ended 30 September 2013, which are due to be
released on SENS on 6 November 2013 and published in the press on
7 November 2013 ('interim results announcement'). In terms of the
JSE Limited ('JSE') Listings Requirements, companies are required
to publish a trading statement as soon as they are satisfied that
a reasonable degree of certainty exists that the financial results
for the period to be reported upon next will differ by at least
20% from that of the previous corresponding reporting period.
Accordingly, shareholders are advised that the Company's basic
earnings per share ('EPS') and basic headline earnings per share
('HEPS') for the six months ended 30 September 2013 are expected
to be between 17% and 27% higher than that reported for the
previous corresponding reporting period ('the EPS and HEPS range').
Shareholders are also advised that for the six months ended
30 September 2012, as well as for the year ended 31 March 2013,
the income statement and earnings per share have been restated due to:
- the adoption of the revised IAS 19 standard relating to employee benefits; and
- an adjustment to the weighted average number of shares in
issue subsequent to the 2012 rights offer in terms of IAS 33 (paragraph 26).
This trading statement will also address normalised HEPS, which is
defined as reportable HEPS in terms of accounting standards, excluding one-off items.
The one-off items included in calculating the EPS and HEPS range are the following:
- a past service cost credit in one of the Group's pension funds in the current period; and
- net unrealised gains on foreign exchange forward contracts in the previous period.
Excluding these one-off items, the normalised HEPS for the six
months ended 30 September 2013 are expected to be between 30% and
40% higher than that reported in the previous corresponding
reporting period and between 53% to 63% higher than the restated
numbers of the previous corresponding reporting period.
The financial information on which this trading statement is based
has not been reviewed and reported on by the Company's external auditors. Stellenbosch 28 October 2013
Mediclinic Offices, Strand Road, Stellenbosch 7600, South Africa PO Box 456, Stellenbosch 7599, South Africa Tel +27 21 809 6500 Fax +27 21 886 4037 Ethics line: 0800 005 316 Website: www.mediclinic.com Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/10/2013 02:42:00 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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