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REX TRUEFORM CLOTHING COMPANY LIMITED - Trading statement

Release Date: 02/03/2016 16:40
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 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 current reporting period will differ by at least 20% from the financial results for the 
previous corresponding period.

Accordingly, shareholders are advised that Rex Trueform’s headline earnings per share for the six months
ended 31 December 2015 have improved by 47.7%, from headline earnings of 44.2 cents per share for the six
months ended 31 December 2014 to headline earnings of 65.3 cents per share for the six months ended
31 December 2015.

Shareholders are further advised that:

1.    while the basic earnings of 65.3 cents per share for the six months ended 31 December 2015 will not
      differ materially on a percentage basis from the basic earnings of 60.0 cents per share for the six months
      ended 31 December 2014 to such an extent that the publication of a similar trading statement in respect
      thereof would be required, the amount thereof is nevertheless detailed in this trading statement for sake
      of completeness; and

2.    the main reason for the larger percentage difference in Rex Trueform’s headline earnings per share for
      the six months ended 31 December 2015 as opposed to the percentage difference in its basic earnings
      per share for the same period, is that the once-off profit from the sale of a property by Rex Trueform in
      the previous corresponding period was taken into account for the purposes of calculating its basic
      earnings per share in this period, but was not taken into account in the calculation of Rex Trueform’s
      headline earnings per share for such period.

The information on which this trading statement has been based has not been reviewed or reported on by Rex
Trueform’s auditors. The financial results for the six months ended 31 December 2015 are expected to be
published on or about 4 March 2016.

2 March 2016


Sponsor
Java Capital

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