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INTERWASTE HOLDINGS LIMITED - Trading Update

Release Date: 07/08/2017 12:52
Code(s): IWE     PDF:  
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Trading Update

Interwaste Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/037223/06)
JSE code: IWE
ISIN:ZAE000097903
(“Interwaste” or “the Group”)

TRADING UPDATE

In accordance with paragraph 3.4 of the Listings Requirements
of the JSE Limited, a company is required to publish a trading
statement as soon as it becomes aware, with a reasonable degree
of certainty, that the financial results for the next period to
be reported on are likely to vary by more than 20% from those
for the previous corresponding period.

Shareholders are advised that for the six months ended 30 June
2017 the following results are expected:

-   earnings per share (“EPS”) of between 4.75 and 5.00 cents,
    which are between 33% and 40% higher than the EPS of 3.57
    cents for the previous period;
-   continuing EPS of between 4.75 and 5.00 cents which are
    between 14% and 20% higher than the continuing EPS of 4.17
    cents for the pervious period;
-   headline earnings per share (“HEPS”) of between 4.42 and 4.65
    cents, which are between 35% and 42% higher than the HEPS of
    3.28 cents for the previous period; and
-   continuing HEPS of between 4.42 and 4.65 cents, which are
    between 14% and 20% higher than the HEPS of 3.88 cents for
    the previous period.

The increase in earnings was primarily as result of improved
asset utilisation, increased volumes from new operations, the
cession of losses from discontinued operations exited in the
prior year, and consolidations, relocations and disposals of
various non-performing depots and businesses.

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

The Group’s consolidated financial results for the six months
ended 30 June 2017 will be released on SENS on or before 31
August 2017.

Germiston
7 August 2017
Sponsor: Grindrod Bank Limited

Date: 07/08/2017 12:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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