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FINBOND GROUP LIMITED - Trading Update Year Ended 28 February 2014

Release Date: 13/03/2014 17:09
Code(s): FGL     PDF:  
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Trading Update – Year Ended 28 February 2014

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 – YEAR ENDED 28 FEBRUARY 2014




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 basic earnings per share are expected to increase to between
6,1 cents and 6,7 cents per share compared to 3,6 cents per share for the year ended 28
February 2014, representing a percentage improvement of between 69% and 86%. Finbond
expects consolidated headline earnings per share of between 5,5 cents and 6,1 cents
compared to headline earnings per share of 3,1 cents reported for the year ended 28
February 2013. These numbers represent an improvement in headline earnings per share of
between 77% and 97%. This improvement occurred notwithstanding a 4% increase in the
weighted average number of shares in issue of the company, from 581 504 702 to 605 025
250 that took place during 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 audited results for the
year ended 28 February 2014 and the Company’s auditors are completing their audit of these
results. It is expected that the Company will announce the audited results for 2014 on 31
March 2014.




Pretoria
13 March 2014
Designated Adviser:
Grindrod Bank Limited

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