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TRANSPACO LIMITED - Trading Statement

Release Date: 06/02/2019 15:30
Code(s): TPC     PDF:  
 
Wrap Text
Trading Statement

Transpaco Limited
(Registration number 1951/000799/06)
Share Code: TPC ISIN number: ZAE000007480
(‘Transpaco’ or ‘the company’)


TRADING STATEMENT

In our terms of rule 3.4(b) of the listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as a reasonable degree of certainty exists that the
financial results for the next reporting period to be reported on will differ by at least 20% from those
of the previous corresponding period.

Accordingly, the company’s earnings per share and headline earnings per share for the interim
period ended 31 December 2018 are both expected to be between 109.3 and 100.9 cents, being
between 35% and 40% lower compared to earnings per share of 168.2 cents and headline earnings
per share of 168.3 cents for the six months ended 31 December 2017.

An unprecedented prolonged three month plastic industry strike which impacted Transpaco during
the company’s busiest period, October, November and December coupled with a depressed
consumer environment and a stagnant economy resulted in Transpaco’s decline in performance.

The information on which this announcement has been based has not been reviewed or reported on
by the company’s auditors.

The half-year results for the period to 31 December 2018 are expected to be released on SENS on 20
February 2019


Johannesburg

6 February 2019


Sponsor

Investec Bank Limited

Date: 06/02/2019 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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