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 2011
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 2011
In terms of the Listings Requirements of the JSE Limited, companies are
requiredto publish a trading statement as soon as they become aware that the
financialresults for the period to be reported upon next will differ by at least
20% fromthe financial results for the previous corresponding period.
Although within the parameter above, Adcorp shareholders are advised that forthe
six months ended 31 August 2011 earnings per share and headline earnings
pershare are expected to increase by 15% to 19%. Earnings per share andheadline
earnings per share are therefore expected to be between 109 cents and 113 cents
per share.
On a normalised trading position, where non-cash flow IFRS adjustments
areeliminated, normalised earnings per share is expected to be between 4% and
8%higher than those for the 6 months ended 31 August 2010. As a result,
normalisedearnings per share is expected to be between 152 cents and 160 cents
per share.
The financial results on which this trading statement has been based have
notbeen reviewed or reported on by the company`s auditors. The financial results
ofthe company will be published on or about 12 October 2011.
For further information please contact:
Anthony Sher
Chief Financial Officer
Tel: (011) 244-5316
5 October 2011Bryanston
SponsorDeloitte & Touche Sponsor Services (Pty) Limited
Date: 05/10/2011 08:00:01 Produced by the JSE SENS Department.
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