REX TRUEFORM GROUP LIMITED - Further trading statement

Release Date: 31/08/2018 17:41
Code(s): RTN RTO RTOP
 
Wrap Text
Further trading statement

REX TRUEFORM GROUP LIMITED
(Formerly Rex Trueform Clothing Company Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO   ISIN: ZAE000250387
JSE share code: RTN   ISIN: ZAE000250395
JSE share code: RTOP  ISIN: ZAE000250403
("Rex Trueform")


FURTHER TRADING STATEMENT


Shareholders are referred to the trading statement released on SENS on 13 June 2018 wherein Rex Trueform
advised shareholders that it expected its earnings per share to increase by at least 20%, from earnings of 
15.3 cents per share reported by Rex Trueform for the year ended 30 June 2017 to earnings of at least 18.4 
cents  per share for the year ended 30 June 2018, and its headline earnings per share to increase by at least 
20%, from headline earnings of 17.4 cents per share reported by Rex Trueform for the year ended 30 June 2017 
to headline earnings of at least 20.9 cents per share for the year ended 30 June 2018.

While the current economic trading and market conditions remain tough and are still likely to impact the business
(particularly that of the retail segment) in the short term, new strategies implemented within the group (comprising
Rex Trueform and its subsidiaries), together with the containment of operating costs, have yielded results, and Rex
Trueform is now in a position to advise shareholders that:

1.    Rex Trueform's earnings per share for the year ended 30 June 2018 are expected to be 62.1 cents per share,
      being an increase of 305.9% from the earnings of 15.3 cents per share reported by Rex Trueform for the year
      ended 30 June 2017; and

2.    Rex Trueform's headline earnings per share for the year ended 30 June 2018 are expected to be 62.2 cents
      per share, being an increase of 257.5% from the headline earnings of 17.4 cents per share reported by Rex
      Trueform for the year ended 30 June 2017.

The information on which this trading statement has been based has not been reviewed or reported on by Rex
Trueform’s auditors. The financial results for the year ended 30 June 2018 are expected to be published on or about
7 September 2018.

31 August 2018


Sponsor
Java Capital

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