IWE 201602230037A
Trading Update
Interwaste Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/037223/06)
JSE code: IWE
ISIN:ZAE000097903
(“Interwaste” or “the Group”)
TRADING UPDATE
In accordance with paragraph 3.4 of the Listings Requirements
of the JSE Limited, a company is required to publish a trading
statement as soon as it becomes aware, with a reasonable degree
of certainty, that the financial results for the next period to
be reported on are likely to vary by more than 20% from those
for the previous corresponding period.
Shareholders are advised that for the year ended 31 December
2015 the Group expects:
- earnings per share (“EPS”) of between 8.12 and 9.20 cents,
which are between 15% and 25% lower than the EPS of 10.82
cents for the previous period;
- diluted EPS of between 7.97 and 9.03 cents, which are between
15% and 25% lower than the diluted EPS of 10.62 cents for the
previous period;
- headline earnings per share (“HEPS”) of between 8.42 and 9.55
cents, which are between 15% and 25% lower than the HEPS of
11.23 cents for the previous period; and
- diluted HEPS of between 8.27 and 9.38 cents, which are between
15% and 25% lower than the diluted HEPS of 11.03 cents for
the previous period.
The decrease in earnings was primarily the result of reductions
in commodity and oil prices and the impact of those reductions
on certain of the markets in which the Group operates.
The financial information on which this trading statement is
based has not been reviewed or reported on by the Group’s
auditors.
The Group’s consolidated financial results for the year ended
31 December 2015 will be released on SENS on or before 31 March
2016
Germiston
23 February 2016
Sponsor
Grindrod Bank Limited
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