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.
Shareholders are advised that forecast earnings and headline earnings per share
from continuing operations are in the range of between 40.2 cents and 47.6 cents
for the six months to 30 June 2008, which compares with the earnings and
headline earnings per share of 35.34 cents and 36.89 cents respectively from
continuing operations for the six months ended June 2007.
The forecast earnings and headline earnings per share for the six months ended
30 June 2008,is affected by the STC charge of R6.6 million (10.00 cents per
share) in respect of the dividend payment declared at the Annual General meeting
on 5 June 2008 and paid on 7 July 2008. Excluding the STC charge on the dividend
the forecast earnings and headline earnings per share would be between 50 cents
and 57 cents.
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 six month period
ended 30 June 2008 are expected to be published on or about 29 August 2008.
28 July 2008
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration
number 1970/003711/07)
Date: 28/07/2008 13:12:02 Produced by the JSE SENS Department.
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