ROLFES HOLDINGS LIMITED – RLF : Trading Update

2019/09/11 15:30:06
SENS announcement for JSE listed company: RLF
                        

RLF : Trading Update:
ROLFES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
(‘Rolfes’ or ‘the Company’)

TRADING UPDATE

In terms of para 3.4 (b) of the JSE Listings Requirements, listed companies
are required to publish a trading statement as soon as the board of directors
is satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will vary by 20% or more when
compared to those of the prior reporting period.

The group remains positioned for growth even though the trading environment
for 2019 was difficult. The current trading environment and subdued outlook
necessitated impairments in goodwill and IP relating to our Agri and Water
businesses.

No items have been classified in the current period as being adjustable for
normalised earnings. The results announcement will however reflect this
measure as a comparative.

Shareholders are advised that for the year ended 30 June 2019 the following,
minimum basic and diluted, (loss)/earnings per share and headline earnings
per share are expected. Once reasonable certainty is obtained further
guidance will be provided:

30-06-2019 30-06-2018
MINIMUM AUDITED VARIANCE

(Loss)/Earnings
per share (‘EPS’) (29.4)c 0.93c exceeding 100%
ie.the Loss per share will not be more than

Headline earnings
Per share (‘HEPS’) 22.5c 12.24c exceeding 84%

RELEASE OF RESULTS

The Group’s consolidated financial results for the year ended 30 June 2019
will be released on SENS on or about the 27th of September 2019.

The financial information on which this trading statement is based has not
been reviewed or reported on by the Group’s auditors.

Johannesburg
11 September 2019
Sponsor: Grindrod Bank Limited

Date: 11/09/2019 03:30:00
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