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INTERWASTE HOLDINGS LIMITED - Trading Statement

Release Date: 25/07/2018 14:05
Code(s): IWE     PDF:  
 
Wrap Text
Trading Statement

Interwaste Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/037223/06)
JSE code: IWE
ISIN:ZAE000097903
(“the Group”)

TRADING STATEMENT

In accordance with paragraph 3.4 of the Listings Requirements
of the JSE Limited, a company is required to publish a trading
statement as soon as it becomes aware, with a reasonable degree
of certainty, that the financial results for the next period to
be reported on are likely to vary by more than 20% from those
for the previous corresponding period.

Shareholders are advised that for the six months ended 30 June
2018 the following results are expected:

-   earnings per share (“EPS”) of between 6.20 and 6.50 cents,
    which are between 29% and 35% higher than the EPS of 4.80
    cents for the previous period; and
-   headline earnings per share (“HEPS”) of between 6.30 and 6.60
    cents, which are between 38% and 45% higher than the HEPS of
    4.55 cents for the previous period.

The increase in earnings compared to the prior period was
primarily as a result of an increase in volumes from diversifying
the customer base coupled with a strong focus on asset
utilisation and efficiencies across the Group. The reduction
in net debt has also resulted in lower finance charges compared
to the prior period.

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

The Group’s consolidated financial results for the six months
ended 30 June 2018 will be released on SENS on or around 6 August
2018.

Germiston
25 July 2018
Sponsor: Grindrod Bank Limited

Date: 25/07/2018 02:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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