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Trading Statement
TORRE INDUSTRIAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR
ISIN: ZAE000169322
(“Torre” or “the Company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Listings Requirements,
listed companies are required to publish a trading statement
as soon as the board of directors is satisfied that a
reasonable degree of certainty exists that the financial
results for the next reporting period will vary by more than
20% from those of the previous corresponding reporting period
or from a profit forecast previously provided to the market in
relation to such period.
The Company's earnings per share and headline earnings per
share for the interim period ending 31 December 2013 are
expected to improve to between 6.55 and 6.57 and 6.15 and 7.02
respectively compared to the earnings per share of 0.09 and
headline loss per share of 4.35 for the interim period ended
31 December 2012.
Shareholders are reminded that Torre’s unaudited results for
the interim period ended 31 December 2012 were consolidated
based on 6 months of SA French Ltd (“SA French”), 4 months of
Torre head office and 1 month of Forktech (Pty) Ltd, whereas
the unaudited results for the 6 months to 31 December 2013 are
based on 6 months of results for Torre head office, Tractor
and Grader Supplies (Pty), SA French and Forktech and 20 days
of associate Control Instruments Group Limited.
The information detailed above has not been reviewed or
reported on by the Company’s auditors.
Johannesburg
20 December 2013
Corporate Adviser
Afrasia Corporate Finance (Pty) Ltd
Designated Adviser
PSG Capital (Pty) Ltd
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