ASPEN PHARMACARE HOLDINGS LIMITED - Voluntary Trading Update

Release Date: 04/09/2018 08:00
Code(s): APN
 
Wrap Text
Voluntary Trading Update

Aspen Pharmacare Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/002935/06)
Share code: APN & ISIN: ZAE000066692
("Aspen")

Voluntary Trading Update

Aspen shareholders are hereby advised that normalised headline earnings per share
(“NHEPS”), headline earnings per share and earnings per share for the year ended 30
June 2018 are expected to improve on those reported in the prior year ended 30 June
2017, within the following ranges:

        Measure               Range         Cents per share     Cents per share in
                                                                   the prior year -
                                                                    30 June 2017

 NHEPS                     8% to 12%       1580.3 to 1638.8                1463.2

 Headline earnings per     11% to 15%      1442.4 to 1494.4                1299.5
 share

 Earnings per share        15% to 19%      1291.9 to 1336.8                 1123.4

NHEPS comprises headline earnings per share adjusted for specific non-trading
items. NHEPS is the primary measure used by management to assess Aspen’s
underlying financial performance.

At constant exchange rates, revenue in the second half of the financial year was in
line with that of the first half. However, the stronger Rand in the second half resulted
in actual reported second half revenue being over a R1 billion lower. This had a
consequential unfavourable impact on earnings.

The financial results on which this trading announcement is based have not been
reviewed or reported on by Aspen’s external auditors.

Aspen’s results for the year ended 30 June 2018 are scheduled to be published on
SENS on 13 September 2018.

Durban
4 September 2018

Sponsor: Investec Bank Limited

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