What the hell went wrong - practically flat eps.
Voluntary Trading Statement
Aspen shareholders are hereby advised that normalised headline earnings per share
(“NHEPS”), headline earnings per share and earnings per share for the 12 months
ended 30 June 2015 are expected to exceed those reported in the comparative period,
ended 30 June 2014, within the following ranges:
Measure Range Cents per share Cents per share in Notes
the comparative
period -
30 June 2014
NHEPS 12% to 17% 1191.9 to 1245.1 1064.2 1
Headline earnings per 10% to 15% 1118.0 to 1168.9 1016.4 2
share
Earnings per share 1% to 6% 1108.9 to 1163.8 1097.9 3
Notes:
1. NHEPS comprises headline earnings per share adjusted for specific non-trading
items. NHEPS is the primary measure used by management to assess Aspen’s
underlying financial performance.
2. The percentage growth in headline earnings per share is lower than the percentage
growth in NHEPS due to the effect of a foreign exchange gain related to transaction
funding which reduced NHEPS in the prior year.
3. The percentage growth in earnings per share is lower than the percentage growth in
headline earnings per share due to the effect of significant capital profits on the sale
of certain non-core products during the prior year.
The financial results on which this trading announcement is based have not been
reviewed or reported on by Aspen`s external auditors.
Aspen`s results for the 12 months ended 30 June 2015 are scheduled to be published
on SENS on 9 September 2015.
Durban
28 August 2015