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Trading Statement
TORRE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR
ISIN: ZAE000188629
(“Torre” or “the Group”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Listings Requirements,
listed companies are required to publish a trading statement
as soon as the board of directors is satisfied that a
reasonable degree of certainty exists that the financial
results for the next reporting period will vary by more than
20% from those of the previous corresponding reporting period.
Torre accordingly notifies shareholders that the earnings per
share and headline earnings per share for the six month period
ended 31 December 2014 are expected to improve to between
13.50 and 14.90 cents (a 91% to 111% increase) and 13.20 and
14.50 cents (a 100% to 120% increase) respectively compared to
the earnings per share of 7.06 cents and headline earnings per
share of 6.60 cents for the previous six month reporting
period ended 31 December 2013.
It should be noted that the earnings per share and headline
earnings per share are calculated based on the weighted
average number of shares in issue for the interim period,
being 323,487,572. The trading results have also been
positively impacted by foreign currency translation gains and
a once off adjustment to a deferred purchase consideration
liability.
The full interim results are expected to be released on or
about 3 March 2015.
The information detailed above has not been reviewed or
reported on by the Group’s auditors.
Johannesburg
2 February 2015
Corporate Finance Adviser and Sponsor to Torre:
AfrAsia Corporate Finance (Pty) Ltd
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