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 35.0 cents and 50.0 cents
for the six months ended 30 June 2010, which compares with the earnings and
headline earnings per share of 74.32 cents and 74.34 cents respectively from
continuing operations for the six months ended 30 June 2009.
The earnings and headline earnings per share for the six months ended 30 June
2010 were affected by an STC charge of R4.9 million following the special
dividend of 75 cents per share declared at the Annual General meeting on 3 June
2010 and paid on 5 July 2010. The impact of the STC charge on the special
dividend was such that earnings and headline earnings per share from continuing
operations for the six months ended 30 June 2010 would have ranged from 43.0
cents and 58.0 cents, respectively.
The financial information on which this trading statement is based has not been
reviewed or reported on by HAHL`s auditors. The results will be published
towards the end of August.
26 July 2010
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary)
Limited (Registration number 1970/003711/07)
Date: 26/07/2010 17:30:01 Produced by the JSE SENS Department.
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