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Trading Statement
Adcock Ingram Holdings Limited
(Registration number 2007/016236/06)
(Incorporated in the Republic of South Africa)
Share code: AIP
ISIN: ZAE000123436
(“the Company”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Limited (JSE) Listings Requirements, an issuer is required to publish a trading
statement as soon as the issuer is satisfied that there is a reasonable degree of certainty that the financial results for
the next reporting period, being the interim results for the period 1 July 2014 to 31 December 2014, will differ by at
least 20% from those of the previous corresponding period.
Shareholders of the Company are referred to the announcements published on the Stock Exchange News Service of
the JSE (SENS) on 20 and 27 May 2014, wherein shareholders were advised that the financial year end of the
Company was changed from 30 September to 30 June.
The table below includes the published basic and headline loss per share for the interim period 1 October 2013 to
31 March 2014. In addition, for comparative purposes, financial information for the previously unpublished
interim results for the period 1 July 2013 to 31 December 2013, which are the sole responsibility of the
directors of the Company, are also disclosed on the same basis as any other interim period, being an extract of
management accounts.
Interim Interim Interim
1 October 2013 - 1 July 2013 - 1 July 2014 -
31 March 2014 31 December 2013 31 December 2014
Unaudited Unaudited Unaudited
Published Unpublished Expected Expected Expected
range change vs change vs
Published Unpublished
Cents Cents Cents % %
Basic (loss)/earnings per share (24.8) 60.8 82.0 – 85.0 430 – 443 34 - 40
Headline (loss)/earnings per share (23.0) 60.7 81.0 – 84.0 452 - 466 33 - 39
To understand the expected change between the respective periods, shareholders are referred to the trading
statement released on SENS on 31 January 2014 as well as the unaudited financial results for the six-month period
ended 31 March 2014 released on SENS on 27 May 2014. The commentary on those financial results contained an
explanation for the loss generated for the period 1 October 2013 to 31 March 2014, which included poor trading
conditions, margin pressures, currency depreciation and cost input inflation, compounded by increased overheads
including R91 million related to corporate activity.
The period 1 July 2013 to 31 December 2013 contained costs of R47 million relating to corporate activity which costs
do not recur in the current period.
The financial information on which this trading statement is based has not been reviewed or reported on by the
Company's external auditors. The Company's interim financial results for the six-month period ended 31 December
2014, including the comparative period for 31 December 2013, are expected to be released on SENS on or about
23 February 2015.
Midrand
18 February 2015
Sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 18/02/2015 12:22:00 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.
