ISB 201705190027A
Updated Trading Statement
Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)
UPDATED TRADING STATEMENT
The Listings Requirements of the JSE Limited require companies to publish a trading statement as soon as
they are satisfied that a reasonable degree of certainty exists that the financial results to be reported on next
will differ by at least 20% from those of the previous corresponding period.
Shareholders are referred to the Company’s voluntary trading statement released on SENS on 19 April 2017
in which the Company advised on its anticipated results for the year ended 28 February 2017 following its
acquisition of the Amalgamated Metals Recycling group of companies. Furthermore, shareholders are
advised that the EBITDA for the period is likely to be as follows:
F2017 Compared to F2016 Second half F2017 Comparison with
YOY first half F2017
EBITDA up between 20% and R53.1 million up between 65% R24.5 million
25% and 70%
The EBITDA has been impacted by –
- The classification of foreign exchange gains and losses being excluded from EBITDA in the
Company’s management accounts whilst being included in the EBITDA for the Company’s annual
financial statements in terms of IFRS classification.
The basic and headline earnings per share including all other information previously announced remains the
same.
The financial information on which this trading statement is based has not been reviewed by the Company’s
auditors. The Company’s financial results will be released on or before 31 May 2017.
By order of the Board.
Johannesburg
19 May 2017
Sponsor: Bridge Capital Advisors Proprietary Limited
Date: 19/05/2017 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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