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DIS-CHEM PHARMACIES LIMITED - Trading statement for the six months ended 31 August 2017

Release Date: 10/10/2017 09:00
Code(s): DCP     PDF:  
Wrap Text
Trading statement for the six months ended 31 August 2017

Dis-Chem Pharmacies Limited
 (Incorporated in the Republic of South Africa)
(Registration number 2005/009766/06)
Share code: DCP
ISIN: ZAE000227831
(“Dis-Chem” or “the Company”)

TRADING STATEMENT: SIX MONTHS ENDED 31 AUGUST 2017

In terms of the Listings Requirements of the JSE Limited (“JSE”), a company is required to issue a trading
statement once it is satisfied that a reasonable degree of certainty exists that the financial results for the
period to be reported upon next will differ by at least 20% from the financial results for the previous
corresponding period.

Accordingly, shareholders are advised that in respect of the six months ended 31 August 2017, the
Company is expecting to announce earnings per share (“EPS”) of between 45.7c and 47.3c being an
increase of between 34.8% and 39.5% compared to EPS of 33.9c for the corresponding interim period and
headline earnings per share (“HEPS”) of between 45.7c and 47.3c, being an increase of between 34.8%
and 39.5% compared to the corresponding period being 33.9c.

The above is based on the weighted average number of shares in issue (“WANOS”) as at 31 August 2017
being 860,062,450 compared to the WANOS of 794,446,200 for the corresponding period. The increase
in the WANOS is as a result of the listing of the Group on the JSE on 18 November 2016.

The following is based on the actual August 2017 and August 2016 WANOS
                        2016 Reported                               2017 Expected Range
                        cents                   Growth Range %      cents

EPS                      33.9                     34.8% to 39.5%            45.7 to 47.3
HEPS                     33.9                     34.8% to 39.5%            45.7 to 47.3

                       (R’000)                    Growth Range %            (R’000)
Earnings (attributable 269 603                    46% to 51%                393 620 to 407 101
to shareholders)

The financial information contained in this announcement has not been audited, reviewed or reported
upon by the Group’s external auditors.

The Group’s results for the six months ended 31 August 2017 are schedule to be released on 20 October
2017.

Midrand
10 October 2017

Sponsor
The Standard Bank of South Africa Limited

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