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TRENCOR LIMITED - Trading statement

Release Date: 06/08/2014 10:47
Code(s): TRE     PDF:  
Wrap Text
Trading statement

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

TRADING STATEMENT


Shareholders are advised that earnings per share (“EPS”) and headline earnings per share
(“HEPS”) for the six months ended 30 June 2014 are expected to be within the ranges set out
below:

                                                            6 months ended     6 months ended
                                                              30 June 2014       30 June 2013
                                                                  Expected             Actual
Adjusted HEPS (which excludes net unrealised foreign
exchange gains on translation of long-term receivables)             215-230              264,5
Basic HEPS                                                          215-230              318,1
Basic EPS                                                           200-215              314,7
Period-end rate of exchange: SA rand to US dollar                     10,57               9,95
Average rate of exchange for the period                               10,65               9,24


The results of Textainer Group Holdings Limited (“Textainer”) (NYSE: TGH), in which Trencor
has a 48,1% beneficiary interest, can be accessed on its website www.textainer.com.

Textainer’s net profit for the six months, adjusted to conform with International Financial
Reporting Standards, was US$73,1 million (after writing off US$6,4 million of unamortised debt
issuance costs related to the refinancing of certain debt) compared to US$100,8 million in the
same period in 2013.

The financial information on which this trading statement is based has not been reviewed and
reported on by Trencor’s independent auditors. The interim results in respect of the 6 months
ended 30 June 2014 are expected to be published on the Stock Exchange News Service on or
about 15 August 2014.

ON BEHALF OF THE BOARD

NI JOWELL Chairman

6 August 2014

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

www.trencor.net

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