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)