ADR
ADR
Adcorp - Trading Statement
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
("Adcorp" or "the company")
Share code: ADR ISIN: ZAE000000139
TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2006
In terms of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they become aware that the financial
results for the period to be reported upon next will differ by at least 20% from
the financial results for the previous corresponding period.
Adcorp accordingly advises that for the 6 moths ended 30 June 2006, it is
expecting headline earnings per share reported in terms of International
Financial Reporting Standards ("IFRS") to be 20% to 25% above those reported for
the previous corresponding period. IFRS earnings per share for the period are
expected to be 30% to 35% below those reported for the previous corresponding
period This is the result of a "once off", non-trading loss resulting from the
disposal of the Group"s communication businesses which was previously reported
to Adcorp shareholders by way of a notice detailing the financial impacts of the
disposal transactions dated 17 July 2006.
As a result of this, there will be an improvement in IFRS headline earnings per
share to between 103.2 and 107.5 cents and a decrease in IFRS earnings per share
to between 56.2 and 60.6 cents.
The financial results on which this trading statement has been based have not
been reviewed or reported on by the company"s auditors. The financial results of
the company will be published on or about 16 August 2006.
4 August 2006
Bryanston
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Registration number 1996/000034/07)
Date: 04/08/2006 10:30:41 AM Produced by the JSE SENS Department
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