ADR - Adcorp Holdings Limited - Voluntary trading statement for the six months
ADR
ADR
ADR - Adcorp Holdings Limited - Voluntary trading statement for the six months
ended 31 August 2010
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
("Adcorp" or "the company")
Share code: ADR & ISIN: ZAE000000139
VOLUNTARY TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 AUGUST 2010
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become aware that the financial
results for the period to be reported upon next will differ by at least 20% from
the financial results for the previous corresponding period.
Although within the parameter above, Adcorp shareholders are advised that for
the six months ended 31 August 2010 earnings per share and headline earnings per
share are expected to increase by between 2% to 6%. Earnings per share and
headline earnings per share are therefore expected to be between 93 cents and 97
cents.
On a normalised trading position, where non-cash flow IFRS adjustments are
eliminated, normalised earnings per share is expected to be between 4% and 8%
lower than those for the 6 months ended 31 August 2009. As a result, normalised
earnings per share is expected to be between 145 cents and 152 cents.
The financial results on which this trading statement has been based have not
been reviewed or reported on by the company`s auditors. The financial results of
the company will be published on or about 13 October 2010.
28 September 2010
Bryanston
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 28/09/2010 15:44:34 Produced by the JSE SENS Department.
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