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INSIMBI REFRACTORY & ALLOY SUP LTD - Trading Statement

Release Date: 11/03/2015 09:00
Code(s): ISB     PDF:  
Wrap Text
Trading Statement

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)


TRADING STATEMENT


In terms of section 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 a reasonable degree of certainty exists that the
financial results for the period to be reported on will differ by at least 20% or more from the financial results
for the previous corresponding period.


The Company is pleased to announce that despite being 25% lower in EPS (3.41 cents per share) and
HEPS (3.42 cents per share) at our interim reporting period ended 31st August 2014 compared to the
previous corresponding period, we now expect EPS and HEPS from continuing operations for the full year
ended 28th February 2015 to be in the following ranges:


        - EPS: an increase of between 25% and 35% on the restated comparative period or between 10.5
             cents and 11.3 cents per share (2014: 8.37 cents).


        - HEPS: an increase of between 30% and 40% on the restated comparative period or between 11.1
             and 12 cents per share (2014: 8.55 cents)


The Insimbi group experienced normalised operational conditions (post the Numsa strike in July 2014) in the
second half of the financial year despite the challenging economic and electricity environment and this has
resulted in a solid performance for the full financial year.

Insimbi expects to release its annual financial results by no later 29th May 2015. The financial information on
which this trading statement is based has not been reviewed and reported on by the Company’s auditors.


Johannesburg
11 March 2015
Sponsor: Bridge Capital Advisors (Pty) Limited

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