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LIFE HEALTHCARE GROUP HOLDINGS LTD - Trading statement

Release Date: 23/04/2014 17:00
Code(s): LHC     PDF:  
Wrap Text
Trading statement

LIFE HEALTHCARE GROUP HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2003/002733/06
ISIN: ZAE000145892
Share Code: LHC
("Life Healthcare" or "the Company")

TRADING STATEMENT

Further to the trading statement released on the Stock Exchange
News Service of the JSE Limited on 7 March 2014, shareholders are
advised that Life Healthcare’s earnings per share for the six
months ended 31 March 2014 will be between 166 cents per share and
180 cents per share, compared to the restated earnings per share
for the comparative period of 72.6 cents per share.

This is largely due to Life Healthcare’s disinvestment of its
49.3% shareholding in Joint Medical Holdings Limited.

The directors believe that normalised earnings per share from
continuing operations best reflect the performance of the Company
and expect that normalised earnings per share* will be 13% to 18%
higher than the 71.3 cents per share reported in the comparative
period.

*Excludes profit/loss on disposals of assets and businesses and
associated costs.

The Group has applied IAS 19 retrospectively in accordance with
the transitional provisions of the standard. The surplus/deficit
on post-retirement benefits will now be recognised in other
comprehensive income and no longer through the statement of
comprehensive income. The result of this change is that the EPS
and HEPS for the comparative period have been restated to 72.6
cents and 72.8 cents per share from 76.1 cents and 76.4 cents per
share respectively.

The financial information on which this trading statement is based
has not been reviewed and reported on by the Company’s external
auditors.

Illovo
23 April 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 23/04/2014 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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