|
IPL IPLP
IPL
IPL/IPLP - Imperial - Trading statement in respect of the financial year
ended 30 June 2009
Imperial Holdings Limited
Registration number: 1946/021048/06
Ordinary share code: IPL ISIN: ZAE000067211
Preference share code: IPLP ISIN: ZAE000088076
("Imperial" or "the group")
Trading statement in respect of the financial year ended 30 June 2009
Headline Earnings per Share ("HEPS") and Earnings per Share ("EPS") is
expected to be as follows:
Range (cents) Previous year
financial year ended 30 June 2009 (cents)
between
HEPS
Continuing 675 - 710 615
Discontinued 10 - 20 103
Total 685 - 730 718
EPS
Continuing 490 - 525 629
Discontinued 265 - 275 1139 (loss)
Total 755 - 800 510 (loss)
HEPS from continuing operations for the year to 30 June 2009 is expected to
be between 10% and 15% higher than the previous year.
Included in HEPS for 2009 is a foreign exchange gain of 212 cents per share
which was earned from the repatriation of capital from our European
operations. Our offshore businesses serve as a natural hedge against currency
weakness and capital is repatriated from time to time when the exchange rate
is favourable.
The group performed satisfactorily against the background of tough trading
conditions, with a particularly strong recovery in insurance underwriting
income. The group also benefited from the restructuring initiatives
undertaken recently.
The decline in vehicle sales and its effect on the profitability of our
vehicle retailing operations had a significant negative impact on the group`s
earnings, although the distributorships division had a much improved second
half after the introduction of cost cutting measures. We are satisfied with
the performance of the Southern African Logistics business, however, the
contribution from our European logistics business was lower due to the sharp
decline in business activity in that region during the second half of the
financial year. The Car Rental and Tourism division experienced difficult
trading conditions. The contributions from associate companies, Imperial Bank
and Ukhamba Holdings were substantially lower.
The discontinued businesses which caused the loss in EPS in the previous
period of 1,139 cents per share, have now been sold or closed and the fair
value adjustments proved to be adequate.
The forecast financial information in this trading statement has not been
reviewed or reported on by Imperial`s auditors either in terms of paragraph
3.4(b)(vi)(1)(aa) or paragraph 3.4(b)(vi)(1)(bb) of the Listings Requirements
of JSE Limited. This update is based on available information at the time of
publication. Imperial`s interim results are expected to be released on SENS
on or about 26 August 2009.
RA Venter
Company Secretary
Bedfordview
13 August 2009
Sponsor to Imperial
Merrill Lynch South Africa (Pty) Limited
Date: 13/08/2009 13:45:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
