HWN - Howden Africa Holdings Limited - Trading update
HWN
HWN
HWN - Howden Africa Holdings Limited - Trading update
Howden Africa Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/002982/06)
Share code: HWN & ISIN: ZAE000010583
("HAHL" or "the Company")
Trading update
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain that
the financial results for the period to be reported on will be more than 20%
different from that of the previous corresponding period.
Accordingly, Shareholders are advised that a review of the financial results by
management has indicated that earnings and headline earnings per share are in
the range of between 87.0 cents and 92.0 cents for the year ended 31 December
2007. This compares with the earnings and headline earnings per share of 25.17
cents and 25.25 cents respectively for the year ended 31 December 2006.
The actual earnings and headline earnings per share for the year ended 31
December 2006 were negatively affected by the STC charge of R12.2 million (18.52
cents per share) in respect of the cash dividend payment of 148.12 cents paid.
Excluding the STC charge the earnings and headline earnings per share for the
year ended 31 December 2006 were 43.69 cents and 43.77 cents per share
respectively.
The financial information on which this trading statement is based has not been
reviewed or reported on by HAHL`s auditors. The results for the year ended 31
December 2007 are expected to be published on or about 3 March 2008.
6 February 2008
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
(Registration number 1970/003711/07)
Date: 06/02/2008 10:53:01 Produced by the JSE SENS Department.
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