HWW
HWW
HWW - Hardware Warehouse Limited - Trading Statement
HARDWARE WAREHOUSE LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2007/004302/06)
Share code: HWW ISIN: ZAE000104253
("Hardware" or "the Company")
TRADING STATEMENT
In terms of the Listings Requirements of 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 differ by
more than 20% from the previous corresponding period.
Accordingly, a review of the financial results for the six month interim
period ended 31 December 2011 by management has indicated that earnings per
share is expected to be between 3.88 cents and 5.58 cents and headline
earnings per share is expected to be between 3.98 cents and 5.68 cents,
compared to the earnings per share of 8.52 cents and the headline earnings
per share of 8.49 cents for the six month period ended 31 December 2010.
Earnings per share has decreased due to the recognition of a once-off
deferred tax credit in the previous corresponding interim period. However,
profit from operations has increased by at least 20% and profit before
taxation has increased by at least 30% for the six months ended 31 December
2011.
The financial information on which this trading statement is based has not
been reviewed or reported on by the Company`s auditors. Hardware`s interim
results are expected to be released on SENS on or about
27 March 2012.
East London
19 March 2012
Designated Adviser
Merchantec Capital
Date: 19/03/2012 13:49:01 Produced by the JSE SENS Department.
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