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Adcock Ingram Holdings (JSE:AIP) News - Trading statement
Adcock Ingram Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2007/016236/06)
Share code: AIP ISIN: ZAE000123436
(“Adcock Ingram” or “the Company” or “the Group”)
TRADING STATEMENT
In terms of the JSE Limited (“JSE”) Listings Requirements, companies are required to provide guidance to the
market when they are satisfied that a reasonable degree of certainty exists that the financial results for the
current reporting period will differ by at least 20% from the results of the previous corresponding reporting
period.
The Group's results for the financial year to June 2022 (“current period”) are expected to show an improvement
of at least 20% (79.3 cents) in earnings per share (“EPS”) from the 396.3 cents reported for the year ended
June 2021 (“comparative period”). Similarly, it is also expected to show an improvement of at least 20% (80.9
cents) in headline earnings per share (“HEPS”) from the 404.7 cents reported for the comparative period. This
is due to an improvement in the trading environment relative to the comparative period which had been
adversely impacted by certain factors caused by the first wave of COVID-19. In this regard, the Company has
experienced improved demand in the current period for its over-the-counter and consumer healthcare products
However, as the results are not yet finalised, Adcock Ingram cannot with reasonable certainty, quantify the
extent of the improvement in its results for the current period within a range as required by the JSE Listings
Requirements.
A further trading statement (as required by the JSE Listings Requirements) will be released on SENS as soon
as the Company has a reasonable degree of certainty on the expected HEPS and EPS ranges for the current
period.
The financial information on which this trading statement is based has not been reviewed and reported on by
the Company’s external auditors.
Midrand
15 July 2022
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 15-07-2022 12:11:00
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