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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 six-month period to December 2021 ("current period") are expected to show an
improvement of at least 20% (37.3 cents) in earnings per share ("EPS”") as well as headline earnings per share
("HEPS") from the 186.5 cents reported for the six-month period to December 2020 ("comparative period").
This is due to an improvement in the trading environment relative to the comparative period which was
adversely impacted 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. In addition, in the
current period, there is no recurrence of the retrenchments costs incurred in the comparative period. However,
as the reporting period is not yet complete, Adcock Ingram cannot with reasonable certainty, quantify the extent
of 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 forecast financial information on which this trading statement is based has not been reviewed and reported
on by the Company’s external auditors.
Midrand
14 December 2021
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 14-12-2021 10:36:00
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