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Release Date: 25/02/2019 13:45
Code(s): RLF     PDF:  
Wrap Text
Trading Update

(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
("Rolfes" or "the Company")


In terms of para 3.4 (b) of the JSE Listings Requirements, listed companies
are required to publish a trading statement as soon as the board of directors
is satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will vary by 20% or more when
compared to those of the prior reporting period.

Shareholders are advised that for the six months ended 31 December 2018 the
following, basic and diluted, earnings per shares are expected:

                       31-12-2018          31-12-2017
                        EXPECTED             UNAUDITED       VARIANCE

per share (“EPS”)       17.5c to 20.5c           14.7c      +19% to +39%

Headline earnings
Per share (“HEPS”)      17.5c to 20.5c           14.6c      +20% to +40%

No items have been classified in the current period as being adjustable for
normalised earnings as the Board would like to move away from this as a
measure; the results announcement will however reflect this measure as a


The Group’s consolidated financial results for the six months ended 31
December 2018 will be released on SENS on 4 March 2019.

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

25 February 2019

Sponsor: Grindrod Bank Limited

Date: 25/02/2019 01:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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