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Letshego Holdings Limited - Trading Announcement - Interim results

Release Date: 05/09/2012 15:00
Code(s): BILETS     PDF:  
Wrap Text
Trading Announcement - Interim results

Letshego Holdings Limited
Incorporated in the Republic of Botswana
Registration number 98/442
(“Letshego Holdings” or “the Company”)

This announcement is being released on the Johannesburg Stock Exchange
for information purposes only in respect of Letshego Holdings
Limited’s Note Programme

TRADING ANNOUNCEMENT – Interim Results

Letshego Holdings Limited is a leading provider of unsecured consumer
loans, is listed on the Botswana Stock Exchange, is Botswana
International Financial Services Centre accredited and has operations
in 11 African countries in Southern and Eastern Africa.

The Board of Directors of the Company would like to provide an update
to shareholders that the interim results for the six months ended 31
July 2012 are likely to be as follows:
   * Profit before tax is expected to be in the range of 23% to 25%
     higher than the prior interim financial period
   * Profit after tax is expected to be in the range of 9% to 10%
     higher than the prior interim financial period
   * The lower profit after tax % increase, compared to the profit
     before tax, is due to the tax credit impact of the once off scrip
     dividend. This led to the use of accumulated tax reserves that
     was approved by shareholders in the prior interim financial
     period, and resulted in a higher profit after tax base in that
     period
   * The interim results will incorporate the results of Micro Africa
     Limited from 1 June 2012 being the date of the finalisation of
     this transaction but will not have any significant impact on the
     profit before or after tax results for the interim period

In line with Botswana Stock Exchange listing requirements the Company
will publish the reviewed, unaudited financial results once the
external review and all internal governance processes are completed
for the six month period ended 31 July 2012. This is expected to be
on or around 19 October 2012.

Gaborone
5 September 2012

Debt sponsor in South Africa
Renaissance BJM Securities (Pty) Ltd
Sponsoring broker in Botswana
Stockbrokers Botswana Limited

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