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INSIMBI REFRACTORY & ALLOY SUP LTD - Trading Statement

Release Date: 24/03/2014 10:00
Code(s): ISB     PDF:  
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Trading Statement

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)


TRADING STATEMENT

In terms of section 3.4 (b) of the Listings Requirements of the JSE Limited, 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 on will differ by at least 20% or more from the financial results
for the previous corresponding period.

EPS and HEPS for the financial year ended 28 February 2013 were 3,13 and 3,15 cps respectively. We
expect EPS and HEPS from continuing operations for the financial year ended 28 February 2014 to be
between 7.5 and 9.0 cps.

The improvement in EPS and HEPS from continuing operations can be attributed to:

- Good trading conditions in the second half of the year compared to the strike ridden second half of 2012.
- Exports into Africa.
- Exchange rates impacting positively on selling prices.
- Restructuring of the business and well controlled overhead.


Insimbi expects to release its full year end results on or before 31 May 2014. The financial information on
which this trading statement is based has not been reviewed and reported on by the Company’s auditors.


Johannesburg
24 March 2014
Sponsor: Bridge Capital Advisors (Pty) Limited

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