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ADCOCK INGRAM HOLDINGS LIMITED - Trading statement

Release Date: 16/01/2018 07:05
Code(s): AIP     PDF:  
Wrap Text
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”)

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 of the previous corresponding reporting
period.

Shareholders are reminded that the earnings per share (EPS) and headline earnings per share (HEPS) for the
six-month period ended 31 December 2016 (previous corresponding reporting period) was 168.9 cents and
148.6 cents respectively. The difference of 20.3 cents substantially arose through certain non-trading capital
profits on the disposal of the Group’s business in India during October 2016.

Shareholders are advised that the Company expects HEPS for the six-month period ended 31 December 2017
to be not less than 27% (40 cents) higher than the previous corresponding reporting period. It is further
expected that EPS for the six-month period ended 31 December 2017 will not be less than 12% (20 cents)
higher, relative to the previous corresponding reporting period.

Adcock Ingram is in the process of finalising the results for the six-month period ended 31 December 2017
and a more defined range of both EPS and HEPS (as required by the JSE Listings Requirements) will be
announced in a further Trading Statement on SENS in due course.

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

Midrand
16 January 2018

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

Date: 16/01/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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