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ARB HOLDINGS LIMITED - Trading Update

Release Date: 11/08/2021 10:10
Code(s): ARH     PDF:  
Wrap Text
ARB HOLDINGS LIMITED
(Registration number: 1986/002975/06)
Share code: ARH      ISIN: ZAE000109435
('ARB' or 'the company')

TRADING UPDATE


In accordance with paragraph 3.4(b) of the Listings Requirements
of the JSE Limited, a listed company is required to publish a
trading statement 'as soon as it becomes aware, with a reasonable
degree of certainty, that the financial results for the next
period to be reported on are likely to vary by more than 20% from the previous corresponding period.'
Shareholders are advised that ARB expects its earnings per share
(EPS) to be between 80.30 cents and 83.85 cents which is between
125% and 135% higher than the EPS reported for the year ended 30 June 2020, of 35.68 cents.
Headline earnings per share (HEPS)for the year is expected to
be between 80.90 cents and 83.90 cents which is between 35% and
40% higher than the EPS reported for the 30 June 2020, of 59.93 cents.
The expected increase arises primarily from improved revenue and
gross margin when compared to the COVID-impacted results of the
comparative period. The resultant increase in operating income,
has been offset by an increase in the IFRS income statement charge for the put option liability.
ARB's results for the year ended 30 June 2021 are expected to be released on Thursday, 19 August 2021.
The information on which this trading update has been based has
not been reviewed or reported on by the company's auditors. Durban 11 August 2021 Sponsor Grindrod Bank Limited Date: 11-08-2021 10:10:00
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