HWN
HWN
Howden Africa Holdings Limited - Trading update
Howden Africa Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/002982/06)
Share code: HWN & ISIN: ZAE000010583
("HAHL" or "the Company")
Trading update
In terms of the Listings Requirements of the 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 be more than 20%
different from that of the previous corresponding period.
Shareholders are advised that despite an improved profit before taxation for the
period of around 12% a loss and headline loss per share of between 2.3 cents and
1.9 cents from continuing operations is forecast for the six months to 30 June
2006, which compares with the earnings and headline earnings per share of 16.14
cents and 16.65 cents respectively from continuing operations for the six months
ended June 2005.
The forecast loss and headline loss per share for the six months ended 30 June
2006,is negatively affected by the STC charge of R12.2 million (18.52 cents per
share) in respect of the proposed cash dividend payment declared at the General
meeting on 15 June 2006 and paid on 10 July 2006. Excluding the STC charge on
the cash payment dividend the forecast earnings and headline earnings per share
would be between 15 cents and 18 cents.
The financial information on which this trading statement is based has not been
reviewed or reported on by HAHL"s auditors. The results for the six month period
ended 30 June 2006 are expected to be published on or about 28 August 2006.
11 August 2006
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary)
Limited (Registration number 1970/003711/07)
Date: 11/08/2006 03:12:02 PM Produced by the JSE SENS Department
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