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GOODERSON LEISURE CORPORATION LTD - Trading Statement

Release Date: 10/10/2014 07:05
Code(s): GDN     PDF:  
Wrap Text
Trading Statement

GOODERSON LEISURE CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1972/004241/06)
(JSE code: GDN ISIN: ZAE000084984)
(“Gooderson” or “the company”)

Trading Statement

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement
as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to
be reported on will differ by 20% or more from the financial results for the previous corresponding period.

Shareholders are advised that Gooderson is currently finalizing its interim results for the six months ended 31
August 2014. Earnings per share are expected to be between 0.64 and 0.72 cents or between 46.67% and 40%
lower when compared to 1.20 cents for the six months ended 31 August 2013. Headline earnings per share is
expected to be between 0.64 and 0.72 cents or between 46.67% and 40% lower when compared to 1.18 cents for
the six months ended 31 August 2013.

The decrease in earnings per share compared to the previous corresponding period was due to the refurbishment
and upgrade of two of our properties namely Fabz Garden Hotel and Conference Centre and Monks Cowl Golf
Resort as stated in the 2014 integrated annual report.

Management remains cautiously optimistic of an improvement in earnings in the second half of the financial year
compared to last year and the group is well positioned to accelerate growth particularly with the refurb and upgrade
being completed to some of the properties and the construction of 24 new rooms (16 Hotel Rooms + 8 Self Catering
Rooms) which will be ready for occupation and trading by December 2014 as well as a new swimming pool and
18 hole putt putt golf course at Monks Cowl Golf Resort.

The financial information on which this trading statement is based has not been reviewed or reported on by
Gooderson’s auditors and it is anticipated that the results will be released on SENS on or about 24 October 2014.


9 October 2014
Johannesburg

Designated Advisor
Exchange Sponsors

Date: 10/10/2014 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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