HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED - Trading statement

Trading statement

HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: HPR
ISIN: ZAE000255907
(“HPLR” or the “Company”)

TRADING STATEMENT

In terms of paragraph 3.4(b)(i) of the JSE Limited (“JSE”) Listings Requirements, 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 period to be reported on next will
differ by at least 20% from the results of the previous corresponding reporting period.

HPLR is in the process of finalising its interim results for the six months ended 30 September
2019.

As previously disclosed to Shareholders the results for the comparative 6-month period ending
30 September 2018 were impacted by a five-week labour strike. In addition, the Group
acquired the remaining shares in its associate Sibanye Bus Services Proprietary Limited
(“Sibanye”) resulting in this company being consolidated into the Group’s results effective 1
April 2019.

As a result of an uninterrupted trading period for the 6 months ended 30 September 2019, and
the consolidation of Sibanye’s results for the period, Shareholders are hereby advised that a
reasonable degree of certainty exists that the Company will report earnings per share (“EPS”)
for the six months ended 30 September 2019 of between 42 cents (increase of 58%) and 46
cents (increase of 73%) compared to 26.58 cents for the 6 months ended 30 September 2018.
Headline earnings per share (“HEPS”) is anticipated to increase to between 39 cents (increase
of 48%) and 43 cents (increase of 63%) compared to 26.30 cents for the 6 months ended 30
September 2018. The EPS and HEPS calculations are based on a weighted number of shares
in issue of 290 000 000 (2018: 290 000 000).

The Company expects to release its financial results for the six months ended 30 September
2019 on or about 21 November 2019.

The above financial information is the responsibility of the directors and has not been reviewed
or reported on by the Company’s external auditors.



Cape Town
13 November 2019

Sponsor
Investec Bank Limited

Date: 13/11/2019 12:15:00
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.