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

FINBOND GROUP LIMITED - Trading Update Interim Six Month Period ended 31 August 2013

Release Date: 12/09/2013 16:05
Code(s): FGL     PDF:  
Wrap Text
Trading Update – Interim Six Month Period ended 31 August 2013

Finbond Group Limited
(Incorporated in the Republic of South Africa)

(Registration number: 2001/015761/06)

Share code: FGL ISIN: ZAE00013895

(“Finbond” or “the Company”)



TRADING UPDATE – INTERIM SIX MONTH PERIOD ENDED 31 AUGUST 2013


In terms of the listing Requirements of the JSE Limited companies are required to publish a
trading statement as soon as they become reasonably certain that the financial results for the
next period to be reported on will differ by more than 20% from that of the previous
corresponding period. A review of the financial results for the six months ended 31 August
2013 by the directors of the Company has indicated that:


    •      Basic earnings are expected to increase to between 2.2 cents and 2.4 cents per
           share as opposed to 1.9 cents per share for the six months ended 31 August 2012,
           on a fully diluted basis, representing a percentage improvement of between 15.8%
           and 26.3%. Finbond expects to report headline earnings of between 2.2 cents and
           2.4 cents per share as opposed to 2.0 cents per share for the six months ended 31
           August 2012, on a fully diluted basis, which would represent a percentage
           improvement of between 10% and 20%. This improvement occurred notwithstanding
           a 24.8% increase in the weighted average number of shares in issue of the company,
           from 478 200 113 to 596 905 870.
    •      Finbond expects to report Net Profit Attributable to Ordinary Shareholders of between
           ZAR 12 906 573 and ZAR 14 761 097 as opposed to ZAR 9 272 622 for the six
           months ended 31 August 2012, which would represent a percentage improvement of
           between 39.2% and 59.2%.


The financial information on which this trading statement is based has not been reviewed or
reported on by Finbond’s auditors. Finbond’s results for the interim period ended 31 August
2013 are expected to be released on SENS before 30 September 2013.


Pretoria
12 September 2013


DESIGNATED ADVISER:
GRINDROD BANK LIMITED

Date: 12/09/2013 04:05:00 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