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: ZAE000003273
TRADING STATEMENT
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon
as they become reasonably certain that the financial results for the period to be reported on will differ by more than
20% from that of the previous corresponding period.
As detailed in the interim results released on 25 June 2020, Hudaco’s trading operations during the first half of the
financial year were severely impacted by the effect of the COVID-19 pandemic. As reported, headline earnings per
share were down 63%, basic earnings per share 240% and comparable earnings per share 87% compared with the first
half of 2019. In this context, the board is reasonably certain that the earnings, headline earnings and comparable
earnings per share for the year ended 30 November 2020 will be over 20% lower than for the previous year.
Accordingly, shareholders are advised that, for the year ended 30 November 2020:
- headline earnings per share ("HEPS") are expected to be between 1025 cents and 1075 cents. This is between 24%
and 21% lower than the HEPS of 1355 cents reported for the year ended 30 November 2019;
- basic earnings per share ("EPS") are expected to be between 90 cents and 140 cents. This is between 93% and 90%
lower than the EPS of 1355 cents reported for the year ended 30 November 2019; and
- comparable earnings per share ("CEPS") are expected to be between 775 cents and 825 cents. This is between 38%
and 33% lower than the CEPS of 1240 cents reported for the year ended 30 November 2019.
The financial information on which this trading statement is based has not been reviewed or reported on by Hudaco’s
auditors. Hudaco's financial results are expected to be released on SENS on or about 29 January 2021.
27 January 2021
Corporate advisor and Sponsor
Nedbank Corporate and Investment Banking
Date: 27-01-2021 08:44:00
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