Alaris Holdings Limited Interim Financial Results for the six months ending December 2017

Highlights

  • Revenue from continuing operations increased by 21% from R84.7 million to R102.6 million.
  • Headline earnings per share from continuing operations increased by 125% from 8.26 cents to 18.62 cents
  • Normalised earnings from continuing operations increased by 67% from R13.0 million to R21.7 million.
  • Net cash from operating activities increased by R33.3 million from an outflow of R14.9 million to an inflow of R18.4 million for the half year.

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Alaris Holdings Limited 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.

Accordingly, a review of the financial results for the six months ended 31 December 2017 by management has indicated that:

  • the basic earnings per share (“EPS”) and headline earnings per share (“HEPS”) are expected to be between 18.0 cents and 19.21 cents, reflecting an increase of between 198% and 218% compared to the EPS and HEPS of 6.04 cents for the six months ended 31 December 2016; and
  • the normalised earnings per share is expected to be between 18.1 cents and 19.27 cents, reflecting an increase in normalised earnings per share of between 198% and 218% compared to the normalised earnings per share of 6.06 cents for the six months ended 31 December 2016.

Shareholders are reminded that the Aucom business was classified as a discontinued operation in the prior period. The normalised earnings per share for continuing operations is expected to be between 18.1 cents and 19.27 cents, reflecting an increase in normalised earnings per share of between 119% and 133% compared to the normalised earnings per share of 8.26 cents for the six months ended 31 December 2016.

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 26 February 2018.