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Trading Statement
Argent Industrial Limited
(Registration number 1993/002054/06)
(Incorporated in the Republic of South Africa)
Share Code: ART
ISIN: ZAE000019188
(“Argent” or “the company”)
TRADING STATEMENT
In terms of paragraph 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 there is a
reasonable degree of certainty that the financial results for
the next reporting period will differ by more than 20% from
those of the previous corresponding period.
Headline earnings per share for the six months ended 30
September 2014 are expected to be between 27.7 and 31.5 cents
per share, which is between 48.8% and 68.8% higher than the 18.7
cents per share reported for the previous corresponding period.
Earnings per share for the six months ended 30 September 2014
are expected to be between 25 and 28 cents per share, which is
between 74.7% and 94.7% higher than the 14.3 cents per share
reported for the previous corresponding period.
In addition, the pre-tax results would have increased by a
further R24 million had the company not been effected by the 4
week July 2014 industrial strike action. The strike, although
legal, created an unprecedented level of illegal picketing which
totally shut down the effected companies and nullified most of
our contingency plans.
The above information has not been reviewed or reported on by
the company’s external auditors. It is anticipated that the
results for the six months ended 30 September 2014 are to be
published on SENS on or about 20 November 2014.
Umhlanga
13 October 2014
Sponsor: PSG Capital Proprietary Limited
Date: 13/10/2014 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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