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.
Accordingly, a review of the financial results for the six months ended 31 December 2016 by management has indicated that:
- the basic earnings per share (“EPS”) and headline earnings per share (“HEPS”) are expected to be between 5.94 cents and 6.14 cents, reflecting an increase of between 476% and 496% compared to the EPS and HEPS of 1.03 cents for the six months ended 31 December 2015; and
- the normalised earnings per share is expected to be between 5.31 cents and 6.81 cents, reflecting a decrease in normalised earnings per share of between 9% and 29% compared to the normalised earnings per share of 7.49 cents for the six months ended 31 December 2015.
The decrease in normalised earnings per share is due to an increase in the weighted average number of shares as a result of the 49.5 million recallable shares relating to the Aucom earn-out period, which were not included in the weighted average number of shares for the six months ended 31 December 2015.
Normalised earnings is expected to increase by between 5% and 25% for the six months ended 31 December 2016 compared to R8.3 million in the comparative period.
The financial information on which this trading statement is based has not been reviewed or reported on by Alaris’ auditors. Alaris’ interim financial results are expected to be released on SENS on or about 6 March 2017.