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REX TRUEFORM CLOTHING COMPANY LTD - Trading statement

Release Date: 23/02/2015 11:15
Code(s): RTN RTO RTOP     PDF:  
Wrap Text
Trading statement

REX TRUEFORM CLOTHING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO    ISIN: ZAE000006144
JSE share code: RTN    ISIN: ZAE000009700
JSE share code: RTOP   ISIN: ZAE000006151
(“Rex Trueform”)


TRADING STATEMENT


In terms of the Listing Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for
the current reporting period will differ by at least 20% from the financial results for the previous
corresponding period.

Accordingly, shareholders are advised that:

1.    Rex Trueform’s earnings per share are expected to improve by at least 558%, from losses per share of
      11.8 cents reported by Rex Trueform for the six months ended 31 December 2013 to earnings per
      share of at least 54.0 cents for the six months ended 31 December 2014 (which amount takes into
      account the profit earned by Rex Trueform in respect of the sale of one of its properties); and

2.    Rex Trueform’s headline earnings per share are expected to improve by at least 340%, from headline
      losses per share of 15.9 cents reported by Rex Trueform for the six months ended 31 December 2013
      to headline earnings per share of at least 38.2 cents for the six months ended 31 December 2014
      (which amount does not take into account the profit earned by Rex Trueform in respect of the sale of
      one of its properties).

Shareholders are further advised that while Rex Trueform has moved to a profit making position in the
current reporting period from a loss making position in the previous corresponding period, it does not have
reasonable certainty to provide guidance as to either the specific percentage and numbers, or the range and
numbers, to describe the difference in the financial results in such periods. Once Rex Trueform obtains
reasonable certainty in this regard it will issue a further trading statement.

The information on which this trading statement has been based has not been reviewed or reported on by
Rex Trueform’s auditors.

23 February 2015


Sponsor
Java Capital

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