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Trading Statement
Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
ISIN: ZAE000123436
Share Code: AIP
(“Adcock Ingram” or “the Company”)
TRADING STATEMENT
Shareholders are referred to the Trading Statements issued by the Company on the Stock Exchange
News Service (“SENS”) on 31 January 2014 and 19 March 2014. Pursuant thereto, shareholders are
advised that the Company is expecting to report a loss per share for the interim financial period
ended 31 March 2014 of between 24 cents and 25 cents, compared to earnings per share of 188.0
cents reported for the previous comparable six-month period. The headline loss per share for the
subject interim financial period is expected to be between 22 cents and 24 cents compared to
headline earnings per share of 188.1 cents for the previous comparable six-month period. The
figures with respect to the period ended 31 March 2014 include the final write-off of all expenses
related to the CFR Pharmaceuticals corporate action.
The financial information on which this trading statement is based has not been reviewed or
reported on by Adcock Ingram’s external auditors. The Company’s interim financial results for the
six-month period ended 31 March 2014 will be released on SENS on or about 27 May 2014.
CHANGE IN FINANCIAL YEAR END
The recently reconstituted Board of Directors has approved substantive changes to the Group’s
internal processes and structures. Management is working on the evaluation and design of these
changes which are expected to be fully implemented with effect from 1 July 2014, whereafter any
benefits related thereto will begin to be realised. Pursuant to the changes, shareholders are advised
that for better performance management and other goal directed operational practicalities, the
Company’s financial year end has been changed from September to June. Accordingly the next
formal results communication will be the audited financial results for the nine months ending 30
June 2014.
Midrand
20 May 2014
Sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 20/05/2014 09:33:00 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.
