News
Further Trading Statement
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)
FURTHER TRADING STATEMENT
Shareholders are referred to the Further Trading Statement published on 4 April 2016 wherein it was advised that earnings per share (“EPS”), headline earnings per share (“HEPS”) and adjusted HEPS for the year ended 31 December 2015 were expected to be within the ranges set out below:
| 2015 Expected | 2014 Actual | |||
| % decrease | cps | cps | ||
| HEPS | 5 – 10 | 493 – 521 | 548 | |
| Adjusted HEPS (which excludes net unrealised foreign exchange gains on translation of long-term receivables) | 12 – 17 | 432 – 458 | 521 | |
| Basic EPS | 144 – 149 | (239) – (266) | 543 | |
It is now advised that Basic EPS for 2015 are expected to be between -69 and -96 cents per share (a decrease between 113% and 118% from that reported for 2014). The remaining indicators are expected to be within the ranges previously announced.
The financial information on which this trading statement is based has not been reviewed and reported on by Trencor’s independent auditors.
On behalf of the Board
NI Jowell Chairman
20 April 2016
Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)