HDC - Hudaco Industries Limited - Trading statement for the year ended 30
HDC
HDC
HDC - Hudaco Industries Limited - Trading statement for the year ended 30
november 2007
Hudaco Industries Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1985/004617/06)
Share Code: HDC & ISIN: ZAE000003273
("Hudaco" or "the company")
TRADING STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2007
HEPS UP BETWEEN 10% AND 15%
NORMALISED HEPS UP BETWEEN 35% AND 40%
Hudaco announces that it expects basic and headline earnings per share for the
year ended 30 November 2007 to be 15%-20% and 10%-15% higher respectively than
the corresponding reporting period of the previous year.
This is after accounting for the once-off costs of approximately R40 million
arising on the issue of 15% of the ordinary shares in the group`s major
operating company to BEE partners - as set out in a circular to shareholders
dated 13 August 2007.
Normalised headline earnings per share, which excludes the cost of the
aforementioned BEE deal and other charges of a non-trading nature, will be
between 35% and 40% higher than the headline earnings of 532.5c reported for the
year ended November 2006.
This trading statement has not been reviewed or reported on by Hudaco`s
independent auditors and is based on information available at the time of
publication.
Hudaco`s audited results for the year ended 30 November 2007 are expected to be
published on or about 1 February 2008.
By order of the board
19 December 2007
Sponsor: Nedbank Capital
Date: 19/12/2007 15:34:01 Produced by the JSE SENS Department.
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