To view the PDF file, sign up for a MySharenet subscription.

HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Trading Statement

Release Date: 17/11/2015 14:50
Code(s): HCI     PDF:  
Wrap Text
Trading Statement

HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
(Share code: HCI & ISIN: ZAE000003257)
("HCI" or "the company")

TRADING STATEMENT

In terms of section 3.4 (b) of the JSE Limited Listings Requirements,
companies are required to publish a trading statement as soon as they are
reasonably certain that the financial results for the current reporting
period will be more than 20% different than that of the previous
corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists
that for the six months ended 30 September 2015, the Company will report
basic earnings per share of between 559.3 cents and 412.3 cents, being a
decrease of between 81.0% and 86.0% as compared to restated basic earnings
per share of 2 942.4 cents for the prior comparative period, and headline
earnings per share of between 500.6 cents and 463.4 cents, being an increase
of between 34.1% and 24.1% as compared to restated headline earnings per
share of 373.4 cents for the prior comparative period.

The significant decrease in basic earnings per share is mainly as a result of
the prior comparative period fair value adjustment to the carrying value of
the group’s investment in Tsogo Sun Holdings Limited prior to it being
consolidated in the results of the Company from September 2014. This
adjustment did not recur in the current period.

The above information has not been reviewed or reported on by the Company`s
auditors. The Company`s results are expected to be published on or about 19
November 2015.

Cape Town
17 November 2015

Sponsor:
Investec Bank Limited

Date: 17/11/2015 02:50:00 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.

Share This Story