To view the PDF file, sign up for a MySharenet subscription.

FINBOND GROUP LIMITED - Trading Update Year Ended 28 February 2013

Release Date: 25/04/2013 12:30
Code(s): FGL     PDF:  
Wrap Text
Trading Update – Year Ended 28 February 2013

Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE000138095
(“Finbond” or “the Company”)

TRADING UPDATE – YEAR ENDED 28 FEBRUARY 2013

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a
Trading Update as soon as they become reasonably certain that the financial results for the
period to be reported on next will differ by more than 20% from the financial results for the
previous corresponding period.

Shareholders are advised that Finbond expects, for the year ended 28 February 2013, to
report consolidated fully diluted headline earnings per share of between 2,96 cents and 3,22
cents compared to a fully diluted headline loss per share of 1.3 cents reported for the year
ended 29 February 2012. These numbers represent an improvement in headline earnings per
share of between 328% and 348%.  This improvement occurred notwithstanding a 52%
increase in the weighted average number of shares in issue of the company, from
382 025 250 to 581 504 702 that took place on 12 March 2012 shortly after the
commencement of the financial year.

The financial information on which this trading statement is based has not been reviewed or
reported on by Finbond`s auditors. Finbond is currently preparing its results for the year
ended 28 February 2013 and the Company’s auditors are completing their audit of these
results. Finbond will publish these results on SENS before the end of May 2013.

Pretoria
25 April 2013

DESIGNATED ADVISER:
GRINDROD BANK LIMITED

Date: 25/04/2013 12:30:00 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
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
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,
 information disseminated through SENS.

Share This Story