|
IPL
IPL
IPL - Imperial Holdings Limited - Further trading statement and update on
operational performance
Imperial Holdings Limited
Registration number: 1946/021048/06
JSE share code: IPL
ISIN: ZAE000067211
("Imperial" or "the group")
FURTHER TRADING STATEMENT AND UPDATE ON OPERATIONAL PERFORMANCE
This trading statement is published in compliance with Rule 3.4(b) of the JSE
Listings Requirements.
Imperial is pleased to provide the following further guidance regarding the
range of the expected increase in headline earnings per share ("HEPS") and
earnings per share ("EPS") for the financial year ending on 30 June 2010,
following the trading statement published on 10 May 2010:
Expected increase range
Year ended Year ended
June 2009 June 2010
HEPS 715 cents 38% to 40%
EPS 776 cents 34% to 36%
The expected earnings represent the total HEPS and EPS for 2010 including
discontinued operations, which are negligible and represent approximately 2% of
total HEPS and approximately 3% of EPS.
Operating profit is expected to increase by approximately 34% from R 2 453
million in the previous financial year. All trading divisions contributed to the
growth in the second half of the financial year with a particularly strong
performance in vehicle distribution and retailing. Levels of trading across the
group during May and June exceeded our expectations.
The effect of non-recurring items which were referred to in the trading
statement of 10 May 2010 remain unchanged, except for the impact of the
revaluation of the financial instrument relating to the Lereko BEE transaction,
which contributed R 78 m for the full year. The treatment of the sale of
Imperial Bank and the CGT arising thereon remain unchanged.
The financial information on which this trading statement is based has not been
reviewed or reported on by Imperial`s auditors. This update is based on
available information at the time of publication. Imperial`s final results are
expected to be released on SENS on or about 25 August 2010.
RA Venter
Company Secretary
Bedfordview
19 August 2010
Sponsor to Imperial
MERRILL LYNCH SOUTH AFRICA (PTY) LIMITED
Date: 19/08/2010 14:10:02 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 ] | |||||||||||||
|
|||||||||||||
