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REX TRUEFORM GROUP LIMITED - Trading statement

Release Date: 15/02/2018 13:15
Code(s): RTN RTO RTOP     PDF:  
Wrap Text
Trading statement

REX TRUEFORM GROUP LIMITED
(Formerly Rex Trueform Clothing Company Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO ISIN: ZAE000250387
JSE share code: RTN ISIN: ZAE000250395
JSE share code: RTOP ISIN: ZAE000250403
(“Rex Trueform”)


TRADING STATEMENT


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as 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 financial results for the previous
corresponding period.

In its commentary to the reviewed condensed consolidated preliminary financial results for the year ended
30 June 2017 (published on SENS on 8 September 2017) Rex Trueform noted various initiatives to be
introduced with a view to improving turnover, noting further that the tough economic trading and market
conditions were still likely to continue to impact the business in the short term.

While the tough economic trading and market conditions are still likely to continue to impact on the business
in the short term, the various initiatives introduced have yielded results and, accordingly, shareholders are
advised that:

1.    Rex Trueform’s earnings per share for the six months ended 31 December 2017 are expected to be
      between 36.6 and 40.8 cents per share, being an improvement of between 77% and 97% from the
      earnings of 20.7 cents per share reported by Rex Trueform for the six months ended 31 December
      2016; and

2.    Rex Trueform’s headline earnings per share for the six months ended 31 December 2017 are expected
      to be between 36.5 and 41.0 cents per share, being an improvement of between 61% and 81% from the
      headline earnings of 22.7 cents per share reported by Rex Trueform for the six months ended 31
      December 2016.

The information on which this trading statement has been based has not been reviewed or reported on by
Rex Trueform’s auditors. The financial results for the six months ended 31 December 2017 are expected to
be published on or about 9 March 2018.

15 February 2018


Sponsor
Java Capital

Date: 15/02/2018 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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