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Hudaco Industries Limited (JSE:HDC) News - Trading statement
HUDACO INDUSTRIES LIMITED
(“Hudaco” or the “Company”)
Incorporated in the Republic of South Africa
Registration number 1985/004617/06
Share code: HDC & ISIN: ZAE000003273
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.
As detailed in the 2020 interim results released on 25 June 2020, Hudaco’s trading operations during the first half of
the 2020 financial year were severely impacted by the effects of the COVID-19 pandemic and the associated level 5
lockdown. This was not the case in the six months to 31 May 2021.
Accordingly, shareholders are advised that, for the year ended 30 November 2021:
- headline earnings per share ("HEPS") are expected to be between 1600 cents and 1680 cents. This is between 52%
and 60% higher than the HEPS of 1050 cents reported for the year ended 30 November 2020;
- basic earnings per share ("EPS") are expected to be between 1600 cents and 1680 cents, compared to the EPS of
113 cents reported for the year ended 30 November 2020; and
- comparable earnings per share ("CEPS") are expected to be between 1570 cents and 1655 cents. This is between
96% and 107% higher than the CEPS of 800 cents reported for the year ended 30 November 2020.
The financial information on which this trading statement is based has not been reviewed or reported on by Hudaco’s
auditors. Hudaco's financial results are expected to be released on SENS on or about 4 February 2022.
1 February 2022
Corporate advisor and Sponsor
Nedbank Corporate and Investment Banking
Date: 01-02-2022 04:18:00
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