| Thu 4 Feb 2016, 14:50 | | ASSORE LIMITED - Updated Trading Statement |
|
ASR 201602040043A
Updated Trading Statement
Assore Limited
(Incorporated in the Republic of South Africa)
Registration number: 1950/037394/06
Share code: ASR
ISIN: ZAE000146932
("Assore")
UPDATED TRADING STATEMENT
Shareholders of Assore (“Shareholders”) are referred to the
trading statement issued on 20 January 2016. Based on recent
financial information received for the six months ended 31 December
2015, headline earnings are anticipated to decline to between
R699 million (by 29,4%) and R751 million (by 24,1%) compared to
R990 million recorded in the same period of the previous financial
year. Attributable earnings are anticipated to decline to between
R586 million (by 37,3%) and R632 million (by 32,4%) compared to
R935 million recorded in the first half of the previous financial
year. The decreased earnings are anticipated to decrease headline
earnings per share for the six months ended 31 December 2015 to
between R6,78 (decline of 29,4%) and R7,28 (decline of 24,1%) per
share from R9,59 per share for the six months ended 31 December
2014 and attributable earnings per share to between R5,68 (decline
of 37,3%) and R6,13 (decline of 32,4%) per share from R9,06 per
share for the six months ended 31 December 2014. Earnings per
share calculations are based on a weighted average number of 103,21
million (six months ended 31 December 2014: 103,21 million) shares
in issue.
The above information has not been reviewed or reported on by
Assore's auditors and the results for the six months ended 31
December 2015 are expected to be published on or about Friday, 19
February 2016.
Illovo Boulevard
Johannesburg
4 February 2016
Contact details:
Ross Davies
Switchboard: 011 770 6800
Direct line: 011 770 6815
E-mail: rossdavies@assore.com
Financial Communications Advisor
Singular Systems, Jacques de Bie, 082 691 5384
Sponsor
The Standard Bank of South Africa Limited
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