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 2015 are expected to be within the ranges set out below:
The results of Textainer Group Holdings Limited (NYSE: TGH), in which Trencor has a 47,9% beneficiary interest, can be accessed on its website www.textainer.com.
| 6 months ended 30 June 2015 Expected | 6 months ended 30 June 2014 Actual | |||
| % increase | cps | cps | ||
| Adjusted HEPS (which excludes net unrealised foreign exchange gains on translation of long-term receivables) | 19,2 – 28,7 | 250 – 270 | 209,7 | |
| Basic EPS (which excludes net unrealised foreign exchange gains on translation of long-term receivables) | 24,4 – 33,8 | 265 – 285 | 213,0 | |
| Period-end rate of exchange: SA rand to US dollar | 12,25 | 10,57 | ||
| Average rate of exchange for the period | 11,83 | 10,65 | ||
The results of Textainer Group Holdings Limited (NYSE: TGH), in which Trencor has a 47,9% beneficiary interest, can be accessed on its website www.textainer.com.
Textainer’s net profit for the six months ended 30 June 2015, adjusted to conform with International Financial Reporting Standards, was US$76,1 million compared to US$73,1 million in the same period in 2014.
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 six months ended 30 June 2015 are expected to be published on the Stock Exchange News Service on or about 13 August 2015.
ON BEHALF OF THE BOARD
NI JOWELL Chairman
Trencor Services (Pty) Ltd
Secretaries
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)