CMP - Cipla Medpro South Africa Limited - Confirmation of trading statement
CMP
CMP
CMP - Cipla Medpro South Africa Limited - Confirmation of trading statement
released on 23 February 2012
CIPLA MEDPRO SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/018027/06)
(ISIN Number: ZAE000128179 Share Code: CMP)
("Cipla Medpro" or "the Company")
CONFIRMATION OF TRADING STATEMENT RELEASED ON 23 FEBRUARY 2012
The Company released a trading statement on SENS yesterday ("the trading
statement") stating that it expects earnings per share ("EPS") and headline
earnings per share ("HEPS") for the 12 months ended 31 December 2011 to be
between 77% and 85% higher than the EPS and HEPS for the prior
corresponding period. The Company also reported in the trading statement
that it expects that the increase in normalised EPS and HEPS will be less
than 20% (lower than 20%) when compared to the results for the 12 months
ended 31 December 2010.
Unfortunately the Business Day has incorrectly reported on the trading
statement. They have inaccurately reported that Cipla Medpro`s normalised
HEPS is expected to fall by more than 20%. This is grossly inaccurate and
shareholders are urged to only rely on the accurate information released on
SENS by the Company.
The matter has been taken up with the Business Day, The Press Ombudsman and
our legal advisors and we have notified the JSE accordingly.
24 February 2012
Durban
Investment Bank and Sponsor
Nedbank Capital
Date: 24/02/2012 13:06:01 Produced by the JSE SENS Department.
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