ROLFES HOLDINGS LIMITED - Trading Update

Trading Update

ROLFES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
("Rolfes" or "the Company")


TRADING UPDATE

In terms of para 3.4 (b) of the JSE Listings Requirements, listed companies
are required to publish a trading statement as soon as the board of directors
is satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will vary by 20% or more when
compared to those of the prior reporting period.

Shareholders are reminded that the 2017 interim results were restated, and
the full year 2017 results contained numerous once off charges. The 2018
interim results were negatively impacted by once off legacy issues, as well
as a poor first quarter. The second quarter showed a significant improvement
and recovery which has continued post the period. Accordingly, normalised
results from continuing operations are again presented in addition to the
usual metrics.

Shareholders are advised that for the six months ended 31 December 2017 the
following results are expected:

                      31-12-2017       31-12-2016            VARIANCE
                      EXPECTED          RESTATED            TO RESTATED

EPS and HEPS         13.2 to 16.2c      29.9c               -46% to -56%

Continuing
EPS and HEPS         15.5 to 18.9c       29.8c              -36% to -48%

Normalised
Continuing HEPS      22.5 to 25.8c       33.1c              -22% to -32%

RELEASE OF RESULTS

The Group’s consolidated financial results for the six months ended 31
December 2017 will be released on SENS on 19 February 2018.

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




Johannesburg
15 February 2018

Sponsor: Grindrod Bank Limited
Investor relations: Singular Systems

Date: 15/02/2018 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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