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Trading statement
THE FOSCHINI GROUP LIMITED
Reg. No.: 1937/009504/06
Code: TFG-TFGP
ISIN: ZAE000148466 – ZAE000148516
Trading statement
In terms of the JSE Limited Listing Requirements companies
are required to publish a trading statement as soon as they
are reasonably certain that the financial results for the
period to be reported upon next will differ by at least 20%
from the financial results for the previous corresponding
period. Shareholders are therefore advised that the company
is in the process of finalising its results for the 6-month
period ended 30 September 2014 and expects total basic
earnings per share for the period to be between 33% and 36%
higher than those reported for the 6-month period ended 30
September 2013. This is largely as a result of the
inclusion of the profit on disposal of the RCS Group of
approximately R270 million. Whilst this profit impacts our
total earnings, it forms part of earnings per share from
discontinued operations and has no impact on earnings per
share from continuing operations. This profit is excluded
from all headline earnings calculations. Headline earnings
per share from continuing operations are expected to be
between 5% and 8% higher than those reported for the
previous corresponding period.
The financial information on which this trading statement is
based has not been reviewed or reported on by the company’s
auditors.
The group’s results for the period ended 30 September 2014
are expected to be released on SENS on 6 November 2014.
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Cape Town
27 October 2014
SPONSOR:
UBS South Africa (Pty) Ltd
-ENDS
Date: 27/10/2014 11:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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