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ADCOCK INGRAM HOLDINGS LIMITED - Trading statement

Release Date: 18/08/2015 17:22
Code(s): AIP     PDF:  
Wrap Text
Trading statement

Adcock Ingram Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2007/016236/06)
Share code: AIP ISIN: ZAE000123436
(“Adcock” or “the Company”)


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited (JSE), an issuer is required to publish a trading statement on the Stock
Exchange News Service of the JSE (SENS) 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 reporting period.


In the Trading Statement published on SENS on 5 June 2015, shareholders were advised that the Company expected to report an
improvement in basic and headline earnings of at least 20% for the annual reporting period then ending on 30 June 2015,
compared to the basic and headline results, statutorily reported, for the nine months ended 30 June 2014.


At the date of the aforesaid Trading Statement, the Company did not have reasonable certainty on the Group’s earnings, to enable
the Company to provide more specific guidance on the range of basic earnings and/or headline earnings per share.


The Board of directors of Adcock can now reveal with absolute certainty, that profits for the year ended 30 June 2015 will result in a
positive basic and headline earnings per share, reversing the basic and headline losses per share incurred during the reviewed
twelve-month period ended 30 June 2014.


The table below shows the reviewed basic and headline losses per share for the twelve-month period ended 30 June 2014, and the
range of basic and headline earnings per share expected for the current period.


                                                               Year ended          Twelve-month period         Expected change
                                                             30 June 2015                        ended
                                                                (Expected)                30 June 2014
                                                                                              Reviewed
                                                                                          (Unpublished)
                                                                    Cents                        Cents                       %
Basic earnings/(loss) per share                             113.0 – 118.0                       (493.7)              123 – 124
Headline earnings/(loss) per share                          156.0 - 161.0                       (100.8)              255 - 260


The last published actual results for the nine-months ended 30 June 2014, reflected basic and headline losses per share of 572.3
cents and 179.5 cents respectively.


The financial information on which this Trading Statement is based has not been reviewed or reported on by the Company's
external auditors. The results for the year ending 30 June 2015 will be released on the SENS on or about 26 August 2015.


Johannesburg
18 August 2015


Sponsor:   RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 18/08/2015 05:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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