HDC 201601250004A
Trading statement
Hudaco Industries Limited
(“Hudaco” or “the company”)
Incorporated in the Republic of South Africa
Registration number: 1985/004617/06
Share code: HDC
ISIN code: ZAE000003273
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, companies are required to publish a
trading statement as soon as they are satisfied that a reasonable degree of certainty exists that
the financial results for the period to be reported on next will be more than 20% different from
those of the previous corresponding period.
The company’s financial results for the year ended 30 November 2014 were severely impacted by
a charge for a tax settlement amounting to R312 million, which approximated the company’s
earnings for that year. As a result, basic and headline earnings per share for 2014 were only
8 cents and 6 cents respectively, whereas comparable earnings per share, which excluded the
impact of the tax settlement, were 986 cents.
Earnings and headline earnings per share for the company’s financial year ended 30 November
2015 have not been similarly impacted by the one-off charge. Basic, headline and comparable
earnings per share for the year ended 30 November 2015 are all expected to be within a range of
1140 cents and 1185 cents per share. Comparable earnings per share will, therefore, increase by
between 16% and 20%. Because the 2014 basic and headline earnings were so small for the
reason set out above, the percentage increases are too large to be meaningful.
Hudaco’s results for the year ended 30 November 2015 will be released on SENS on 29 January
2016.
Johannesburg
25 January 2016
Sponsor
Nedbank Corporate and Investment Banking
Date: 25/01/2016 07:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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