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Updated trading statement for the year ended 30 June 2016
TORRE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR ISIN: ZAE000188629
(“Torre”)
UPDATED TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2016
Shareholders are referred to the trading statement released on
SENS on 8 June 2016.
As anticipated, expected EPS have been further negatively
affected by goodwill and other impairments deemed necessary in
the course of the annual impairment assessments completed in
terms of IAS 36 as part of the year end reporting process.
EPS are now expected to be between 5.2 cents and 6.2 cents
(being between 78% and 81% lower) compared to the EPS of 28
cents reported for the year ended 30 June 2015.
HEPS are expected to be within the same range as previously
reported being between 16.5 cents and 19.5 cents (36% and 45%
lower) compared to the HEPS of 30.26 cents reported for the
year ended 30 June 2015.
Normalised HEPS, after the adjustment for certain
restructuring and start-up expenses, are expected to be
between 20.5 cents and 22.5 cents (being between 27% and 34%
lower) compared to the Normalised HEPS of 30.98 cents for the
year ended 30 June 2015.
The financial information on which the updated trading
statement has been based has not been reviewed and reported on
by Torre’s external auditors. The results for the year ended
30 June 2016 are expected to be published on or about
Wednesday, 31 August 2016.
Johannesburg
26 August 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/08/2016 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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