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ADCOCK INGRAM HOLDINGS LIMITED - Further trading statement

Release Date: 14/02/2017 15:02
Code(s): AIP     PDF:  
Wrap Text
Further trading statement

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

FURTHER TRADING STATEMENT

In terms of the JSE Limited (“JSE”) Listings Requirements, companies are required to provide guidance to the
market when 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 results, in this case for the six months ended 31
December 2015 (“the previous corresponding reporting period”).

In an earlier trading statement released on SENS on 19 January 2017, shareholders were advised that the
Company expected to report increases in earnings per share (EPS) and headline earnings per share (HEPS)
from total operations of not less than 60% and 40% respectively, compared to the previous corresponding
reporting period. A more defined range of earnings was also to be provided when such information became
available.

Shareholders were also advised earlier, that during the six-month period ended 31 December 2016, a non-
recurring capital profit arose as a result of the disposal of the Group’s Indian business and certain non-recurring
IFRS 2 costs, were incurred in the previous corresponding reporting period.

Having regard to the above, shareholders are advised that EPS for the period under review, will reflect an
increase of between 65% and 71%, being 164 and 170 cents per share, compared to the previous
corresponding reporting period (December 2015: 99.6 cents). HEPS for the period under review, will reflect
an increase of between 45% and 49% being, 145 cents and 149 cents per share (December 2015:99.8 cents).

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

Adcock Ingram is currently finalising its results for the six-month period ended 31 December 2016, which are
expected to be released on SENS on or about 22 February 2017, in which more comprehensive details will be
provided.

Midrand
14 February 2017

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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