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Trading Statement
Curro Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company
is required to publish a trading statement as soon as it becomes aware
that the financial results for the financial period to be reported on next
will vary by 20% or more from those of the previous comparable period.
Shareholders are hereby advised that a reasonable degree of certainty
exists that the Company will report an increase in headline earnings of
between 80% and 100% and an increase in earnings per share of between 77%
and 97% for the year ended 31 December 2013.
This means that the Company will report an attributable and headline
earnings per share of between 12.6 cents and 14.0 cents for the year ended
31 December 2013, as opposed to the attributable and headline earnings per
share of 7.1 cents and 7.0 cents published in the previous corresponding
period.
Curro ended the 2013 year with 26 campuses accommodating approximately
22 000 learners. It is anticipated that for the 2014 year, Curro will have
at least 32 campuses with approximately 27 000 learners.
The financial information on which this trading statement is based has not
been reviewed and reported on by Curro’s auditor. The financial results
for the year ended 31 December 2013 are expected to be published on or
about 18 February 2014.
By order of the Board
Durbanville
20 January 2014
Sponsor
PSG Capital
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