RMB HOLDINGS LIMITED - Trading statement: six months ended 31 December 2013
RMH 201402250018A
Trading statement: six months ended 31 December 2013
RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/005115/06)
JSE ordinary share code: RMH
ISIN: ZAE000024501
("RMH")
TRADING STATEMENT: SIX MONTHS ENDED 31 DECEMBER 2013
Paragraph 3.4(b) of the Listings Requirements of the JSE Limited
requires an issuer to publish a trading statement as soon as it
has a reasonable degree of certainty that Earnings Per Share
(“EPS”) and / or Headline Earnings Per Share (“Headline EPS”) for
the next reporting period will differ by at least 20% from that of
the previous corresponding reporting period.
RMH considers Normalised EPS, which excludes non-operational items
and accounting anomalies, as a more accurate indicator of its
underlying operational performance.
Guidance regarding RMH’s financial results for the six months
ended 31 December 2013 is as follows:
As published
for the six Guidance for the
months ended six months ended
Per share (cents) 31 Dec 2012 31 Dec 2013
EPS 169.5 24% to 28%
increase
Headline EPS 174.0 20% to 24%
increase
Normalised EPS 168.7 20% to 24%
increase
During the period, RMH’s associate FirstRand Limited adopted
certain new IFRS accounting statements. As a result, the financial
results of RMH for the six months ended 31 December 2012 will be
restated. Following the restatement, which is not expected to be
material, the guidance for the six months ended 31 December 2013
remains within the ranges set out above.
The financial information on which this trading statement is based
has not been reviewed and reported on by RMH’s external auditors.
RMH’s condensed financial results for the six months ended
31 December 2013 are expected to be released on the Stock Exchange
News Service on or about Wednesday, 5 March 2014.
Sandton
25 February 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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