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TRANSPACO LIMITED - Trading statement

Release Date: 13/08/2019 11:38
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 year ended
30 June 2019 are both expected to be between 179,04 and 164,34 cents, being between 40% and 45%
lower compared to an earnings per share of 298.8 cents and headline earnings per share of 297.4
cents for the year ended 30 June 2018.

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 year end results for to 30 June 2019 are expected to be released on SENS on 21 August 2019.


Johannesburg
13 August 2019

Sponsor
Investec Bank Limited

Date: 13/08/2019 11:38:00
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