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PUTPROP LIMITED - Trading statement

Release Date: 12/08/2014 10:20
Code(s): PPR     PDF:  
Wrap Text
Trading statement

PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Group”)


TRADING STATEMENT



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

Accordingly, a review of the financial results for the year ended 30 June 2014 by management
has indicated that the earnings per share is expected to be between 225.0 cents and 255.0 cents
and the headline earnings per share is expected to be between 142.0 cents and 158.0 cents,
compared to the earnings per share of 174.0 cents and the headline earnings per share of 86.8
cents for the year ended 30 June 2013.

The fair value measurement of the Group’s investments in its associated companies and the
accounting for this in the review period contributed significantly to this increase in earnings.

The financial information on which this trading statement is based has not been reviewed or
reported on by Putprop’s auditors. Putprop's financial results are expected to be released on
SENS on or about 15 September 2014.


Johannesburg
12 August 2014

Sponsor
Merchantec Capital

Date: 12/08/2014 10:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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