Trencor

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2014 News

Trading statement

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)

Share Code: TRE
ISIN: ZAE000007506
("Trencor")

TRADING STATEMENT


Shareholders are advised that earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months ended 30 June 2014 are expected to be within the ranges set out below:

 

6 months ended 
30 June 2014
Expected

6 months ended 
30 June 2013
Actual

Adjusted HEPS (which excludes net unrealised foreign exchange gains on translation of long-term receivables)

215-230

264,5

Basic HEPS

215-800

318,1

Basic EPS

200-215

314,7

Period-end rate of exchange: SA rand to US dollar

10,57

9,95

Average rate of exchange for the period

10,65

9,24

The results of Textainer Group Holdings Limited ("Textainer") (NYSE: TGH), in which Trencor has a 48,1% beneficiary interest, can be accessed on its website www.textainer.com. Textainer's net profit for the six months, adjusted to conform with International Financial Reporting Standards, was US$73,1 million (after writing off US$6,4 million of unamortised debt issuance costs related to the refinancing of certain debt) compared to US$100,8 million in the same period in 2013. The financial information on which this trading statement is based has not been reviewed and reported on by Trencor's independent auditors. The interim results in respect of the 6 months ended 30 June 2014 are expected to be published on the Stock Exchange News Service on or about 15 August 2014.

ON BEHALF OF THE BOARD NI JOWELL Chairman

  Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

 

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About Trencor

TRENCOR LIMITED is an investment holding company listed on the JSE. Trencor benefits from operations that focus on owning, leasing, managing and trading marine cargo containers worldwide, and related finance activities. Trencor has a beneficiary interest in Textainer.

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