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ADVANCED HEALTH LIMITED - Trading Statement

Release Date: 17/02/2015 09:19
Code(s): AVL     PDF:  
Wrap Text
Trading Statement

ADVANCED HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/059246/06)
(“the Company” or “Advanced Health”)
ISIN Code: ZAE000189049        JSE Code: AVL


TRADING STATEMENT


In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock Exchange,
listed companies are required to publish a trading statement as soon as they become reasonably
certain that the financial results for the next period to be reported on will be more than 20%
different from those of the previous corresponding period or from a profit forecast previously
provided to the market in relation to such period.

Shareholders are advised that Advanced Health expects to report that net profit after taxation
attributable to the parent, as per the unaudited financial results for the six months ended
31 December 2014, has increased to R5.174 million compared to R3.776 million for the period
ended 31 December 2013, which represents an increase of 37%.

However due to the increased number of shares in issue pursuant to the listing, the earnings per
share and headline earnings per share will be 2.33 cents for the six months ended 31 December
2014 (based on the weighted average number of shares 221 614 801) compared to earnings per
share and headline earnings per share of 4.17 cents for the six months ended 31 December 2013
(based on the weighted average number of shares in issue of 90 467 000). This represents a 44%
decrease compared to the prior period. It should be noted that the R100 million cash raised in
conjunction with the listing is held for future developments which will only start generating
income for the group in the next financial year.

The financial information on which this trading statement is based has not been reviewed and
reported on by the company’s auditors.

The company’s interim results for the six months ended 31 December 2014 are anticipated to be
released on or about the 24 February 2015.


17 February 2015
Johannesburg

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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