TORRE INDUSTRIAL HOLDINGS LIMITED - Further Trading Statement
TOR 201403100028A
Further Trading Statement
TORRE INDUSTRIAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR
ISIN: ZAE000169322
(“Torre” or “the Company”)
FURTHER TRADING STATEMENT
In terms of paragraph 3.4(b) of the JSE Listings Requirements,
listed companies are required to publish a trading statement
as soon as the board of directors is satisfied that a
reasonable degree of certainty exists that the financial
results for the next reporting period will vary by more than
20% from those of the previous corresponding reporting period
or from a profit forecast previously provided to the market in
relation to such period.
In addition, in terms of paragraph 3.4(b)(iv) of the JSE
Listings Requirements, if the range published in a previous
trading statement is no longer correct, a further trading
statement is required.
Torre published a trading statement on 20 December 2013
(“Initial Trading Statement”) informing shareholders that the
Company's earnings per share for the interim period ended 31
December 2013 were expected to improve to between 6.55 and
6.57 cents per share compared to the earnings per share of
0.09 cents for the interim period ended 31 December 2012.
Since publication of the Initial Trading Statement, the
earnings per share for the interim period ended 31 December
2013 has been revised and is now expected to improve to 7.00
cents per share. The headline earnings per share remains
within the range as announced in the Initial Trading
Statement.
The information detailed above has not been reviewed or
reported on by the Company’s auditors.
Johannesburg
10 March 2014
Corporate Adviser
Afrasia Corporate Finance (Pty) Ltd
Designated Adviser
PSG Capital (Pty) Ltd
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