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Trading statement relating to the year ended 30 September 2015
REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
ISIN: ZAE000057428
Share Code: RLO
("Reunert" or "the Group")
TRADING STATEMENT RELATING TO THE YEAR ENDED 30 SEPTEMBER 2015
In the trading statement released on the Stock Exchange News Service ("SENS") on 10 July 2015, Reunert
issued guidance to shareholders as follows:
- Due to the once off/non-recurring profit after taxation of R1397 million made on the sale of the Nashua
Mobile subscriber base in the 2014 financial year; and
- Due to the impact of Reunert no longer benefiting from the profit derived from the Nashua Mobile
subscriber base post its sale (the profit after tax earned from Nashua Mobile's trading operations in the
2014 financial year amounted to R187 million); therefore
- Reunert's profit after tax and earnings per share for the year ended 30 September 2015 were both
expected to decrease by more than 20% when compared to those of the prior year.
The Board also committed to issuing a further trading statement once there was reasonable certainty with
regard to the expected full year net profit and related earnings per share measures.
Accordingly, the Reunert Board is pleased to provide the following positive guidance to shareholders which is
indicative of the improved profitability of the Group despite the difficult economic environment and subdued
trading conditions the Group experienced during the financial year ended 30 September 2015.
Shareholders' attention is drawn to the measures related to continuing operations in the table below, as these
are considered the most appropriate to assess the Group's performance.
% 2015 2014
Measure Change* Range*** As
reported***
All operations (continuing and
discontinued)
Attributable net profit (52) to (47) R946m to R1044m R1970m
Earnings per share (52) to (47) 577 cents to 637 cents 1202 cents
Headline earnings per share 10 to 22 557 cents to 617 cents 506 cents
Continuing operations only
Attributable net profit** 134 to 159 R903m to R1000m R386m
Earnings per share** 134 to 159 550 cents to 609 cents 235 cents
Headline earnings per share** 40 to 55 547 cents to 606 cents 391 cents
* In brackets denotes decrease, not in brackets denotes increase
** There are no items of an abnormal nature, including, inter alia, impairment of goodwill or other tangible assets anticipated in the 2015 financial year (Reported in 2014: R327 million before tax)
*** m denotes millions
Reunert's 2015 results will be released on SENS on 23 November 2015.
The financial information on which this trading statement is based has not been reviewed, audited or reported
on by Reunert's external auditors.
Sandton
4 November 2015
Sponsor
RAND MERCHANT BANK (a division of First Rand Bank Limited)
Date: 04/11/2015 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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