To view the PDF file, sign up for a MySharenet subscription.

REX TRUEFORM GROUP LIMITED - Trading statement

Release Date: 14/12/2018 17:01
Code(s): RTN RTO RTOP     PDF:  
 
Wrap Text
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")


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as
soon as 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 financial results for the previous corresponding period.

Shareholders are accordingly advised that:

1.    Rex Trueform's earnings per share are expected to increase by at least 20%, from earnings of 38.7 cents per
      share reported by Rex Trueform for the six months ended 31 December 2017 to earnings of at least 46.4 cents
      per share for the six months ending 31 December 2018; and

2.    Rex Trueform's headline earnings per share are expected to increase by at least 20%, from headline earnings of
      38.8 cents per share reported by Rex Trueform for the six months ended 31 December 2017 to headline
      earnings of at least 46.6 cents per share for the six months ending 31 December 2018.

Shareholders are further advised that Rex Trueform has not reached the end of the abovementioned reporting period
yet. Rex Trueform and its subsidiaries continue to trade in difficult times (including having regard to the recent
reoccurrence of load-shedding in South Africa), making it difficult to provide a more precise percentage (other than
the default percentage noted above) at this stage. Rex Trueform furthermore does not have reasonable certainty to
provide guidance as to either the specific percentage and numbers, or the range and numbers, to describe the
difference in the financial results in such periods. Once Rex Trueform has reached the end of its reporting period, and
obtains reasonable certainty in this regard, it will issue a further trading statement.

The information on which this trading statement has been based has not been reviewed or reported on by Rex
Trueform's external auditors.

Rex Trueform's interim results will be published on or about 15 March 2019.

14 December 2018


Sponsor
Java Capital

Date: 14/12/2018 05:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story