Dis-Chem Pharmacies Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/009766/06)
JSE share code: DCP ISIN: ZAE000227831
("Dis-Chem" or "the Company" or "the Group")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE"), a company is required to issue a trading statement once it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon will differ by at least 20% from the financial results for the previous corresponding period.
Accordingly, shareholders are advised that in respect of the twelve months ended 28 February 2022, the Company is expecting to announce earnings per share ("EPS") and headline earnings per share
("HEPS'') of between 96.9c and 100.8c. This is an increase of between 24.5% and 29.5% compared to the published FY2021 EPS and HEPS number of 77.8c.
Rands ('000) | FY2022e | FY2021a | % change |
Profit before tax | 1 204-1 252 | 941 | 28.0-33.0 |
Taxation | (334)-(347) | (253) | 32.0-37.0 |
Profit after tax | 874-908 | 688 | 27.0-32.0 |
Cents per share | FY2022e | FY2021a | % change |
EPS | 96.9c-100.8c | 77.8c | 24.5-29.5 |
HEPS | 96.9c-100.8c | 77.8c | 24.5-29.5 |
The Group is pleased with the performance of its buisnesses considering the constrained consumer environment, the challenges that were posed by the pandemic as well as the civil unrest that was experienced in July 2021. The successful integration of recent acquisitions as well as the continued focus on Return on Invested Capital (ROIC) has driven cash generated from operations ahead of strong profitability growth and positions the Group well to take advantage of it's longer term
strategic initiatives.
The unrest had a minor impact on the Group's HEPS. The Group was adequately insured and expects a final payment of approximately R23.4 million from the South African Special Risks Insurance
Association ("SASRIA") in FY2023.
The financial information contained in this announcement has not been audited, reviewed or reported on by the Group's external auditors.
Dis-Chem will release its results for the twelve months ended 28 February 2022 on 23 May 2022.
There will be a webcast at 10:00 am which can be accessed using the following link:https://www.corpcam.com/Dischem2302022. The slides accompanying the presentation will be available on the Group's Investor Relations website in the Investors section at
www.dischemgroup.comshortly before the commencement of the presentation. A playback of the webcast will be available approximately two hours after the presentation.
Midrand
28 April 2022
Sponsor
The Standard Bank of South Africa Limited
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Dis-Chem Pharmacies Limited published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 06:34:09 UTC.