HCI - Trading Statement
Hosken Consolidated Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/007111/06)
ISIN: ZA000003257 Share code: HCI
(`HCI` or `the Company`)
TRADING STATEMENT
In terms of the JSE Securities Exchange South Africa Listings Requirements,
companies are required to publish a trading statement as soon as they are
reasonably certain that the financial results for the current reporting period
will be more than 20% different than that of the previous corresponding period.
As a result of the above, HCI`s shareholders are informed that it is expected
that HCI`s headline earnings and basic earnings per share for the year ended 31
March 2005 will be between 315 cents and 378 cents and 530 cents and 636 cents
respectively.
One of the reasons for the increase in headline earnings and basic earnings per
share is the effect of deferred tax assets raised in respect of unutilised tax
losses and Secondary Tax on Companies (`STC`) credits available. Were these not
taken into account, headline earnings and basic earnings per share for the year
ended 31 March 2005 would be expected to be between 180 cents and 216 cents per
share and 395 cents to 474 cents per share respectively.
The above information has not been reviewed or reported on by the Company`s
auditors and the Company`s results for the year ended 31 March 2005 are expected
to be published on or about 27 June 2005.
Durban
24 June 2005
Sponsor
Nedbank Capital
Date: 24/06/2005 04:23:16 PM
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