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PURPLE GROUP LIMITED - Trading Statement For The Year Ended 31 August 2019

Release Date: 20/11/2019 09:21
Code(s): PPE     PDF:  
Wrap Text
Trading Statement For The Year Ended 31 August 2019

Purple Group Limited

(Incorporated in the Republic of South Africa)

(Registration number 1998/013637/06)

Share code: PPE ISIN: ZAE000185526

(“Purple Group” or “the Company”)

TRADING STATEMENT FOR THE YEAR ENDED 31 AUGUST 2019

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading
statement as soon as the issuer and its directors are satisfied that there is a reasonable degree of certainty that the
financial results for the next reporting period will differ by at least 20% from those of the previous corresponding
period.


Shareholders are accordingly advised that for the year ended 31 August 2019, the directors of Purple Group
anticipate a reduction in the basic loss per share and headline loss per share from 2.94 cents and 3.00 cents,
respectively to between 1.01 cents to 1.11 cents (for both loss per share and headline loss per share), representing
a decrease in the basic loss per share, of between 65.6% and 62.2% and a decrease in the headline loss per share of
between 66.3% and 63.0%, as reported in the previous corresponding 12 month period.


The loss attributable to owners of the Company has therefore reduced from R26.7 million to between R9.1 million
and R10.1 million for the year.


The information above has not been reviewed or reported on by the Company’s external auditors.


The Company’s results for the 12 months ended 31 August 2019 are expected to be published on SENS on or about
26 November 2019.


Johannesburg
20 November 2019
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 20/11/2019 09:21:00
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