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 year ended 31 December 2013 are expected to be within the ranges set out below:

 

Year ended 31 December 2013 Expected

Year ended 31 December 2012 Actual

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

565,0 – 585,0

546,1

HEPS

625,0 – 645,0

559,6

Basic EPS

710,0 – 730,0

579,9

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

10,46

8,48

Average rate of exchange for the year

9,67

8,16

The results of Textainer Group Holdings (NYSE: TGH), in which Trencor has a 48,3% beneficiary interest, can be accessed on its website www.textainer.com. The financial information on which this trading statement is based has not been reviewed and reported on by Trencor's independent auditors. The reviewed results in respect of the year ended 31 December 2013 are expected to be published on SENS on or about 24 February 2014.

ON BEHALF OF THE BOARD NI JOWELL Chairman

11 February 2014

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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