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Trading statement for the financial year ended 30 June 2017
Adcock Ingram Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2007/016236/06)
Share code: AIP ISIN: ZAE000123436
(“the Company” or ‘the Group”)
TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2017
In terms of the JSE Limited 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 of the previous corresponding period.
While the information provided in this trading statement will indicate a very satisfying improvement in both
earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the year under review, for a proper
appreciation of the relative annual performance, shareholders should take into account certain losses incurred
in the 2016 year and certain contributory profits in this year, that would in the normal course, be excluded from
the comparable measurements of the Group’s customary trading operations.
With regard thereto, shareholder attention is drawn to the losses incurred on discontinued operations of R200
million for the year ended 30 June 2016 and the profits of R41 million realized in the first six months of the
2017 financial year on the disposal of the Group’s Indian selling and distribution business, both of these
amounts having relevance to the concluding guidance hereunder.
The EPS and HEPS reported for the year ended 30 June 2016, was 101.4 cents and 228.7 cents respectively.
Taking the above caveats into account, the Company expects EPS and HEPS for the year ended 30 June
2017 to be not less than 324.5 cents and 297.3 cents respectively, reflecting an increase in the case of EPS
of not less than 220% and in the case of HEPS, an increase of not less than 30%.
A more defined range and explanation of both EPS and HEPS will be announced in a further trading statement
on SENS in due course.
The financial information on which this trading statement has been based, has not been reviewed and/or
reported on by the Company’s external auditors.
Midrand
24 July 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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