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ASCENDIS HEALTH LIMITED - Trading Statement

Release Date: 01/09/2015 14:20
Code(s): ASC     PDF:  
Wrap Text
Trading Statement

ASCENDIS HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/005856/06)
Share code: ASC ISIN: ZAE000185005
(“Ascendis” or “the Company”)


TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited’s Listings Requirements, Ascendis
shareholders are hereby advised that the Company’s financial results for the twelve
months ended 30 June 2015 are expected to be more than 20% higher than the
previous corresponding period.

The table below illustrates the ranges anticipated against the comparative period:

                                            year ended       year ended     % increase
                                           30 June 2015     30 June 2014

Normalised Headline Earnings             R237m – R248m         R153m         55% – 62%

Normalised Headline Earnings per share   90 – 95 cents      72 cents         25% – 32%

Basic Earnings/Headline Earnings         R201m – R211m         R136m         48% – 55%

Basic Earnings/Headline earnings per     78 – 81 cents      64 cents         22% – 27%
share
Operating profit                         R353m – R368m         R214m         65% – 72%



Notes:
   1. Normalised earnings comprise basic earnings adjusted for specific non-
      trading items and once-off costs.
   2. NHEPS comprises normalised headline earnings per share adjusted for
      specific non-trading items and once off costs.
   3. The “per share” measures reflect a lower percentage increase than the
      earnings numbers due to the change in weighted average number of shares
      of c.48m being an increase of 23%, due to additional shares issued by
      Ascendis during the course of the year.

The financial information on which this trading statement is based has not been
reviewed or reported on by the Company’s auditors.

Shareholders are advised that the results for the twelve months ended 30 June 2015
are scheduled to be released on SENS on 9 September 2015 and to be presented in
Cape Town on the 9th and Johannesburg on the 10th of September 2015.

1 September 2015
Johannesburg

Sponsor
Investec Bank Limited

Date: 01/09/2015 02:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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