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Trading Statement
GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a
listed company is required to publish a trading statement as
soon as it becomes aware that the financial results for the
financial period to be reported on next will vary by 20% or
more from those of the previous comparable period.
Due to the high level of corporate activity that took place
during the six months to 31 December 2014, there have been a
number of once off adjustments and accounting reclassifications
that require a detailed explanation and have had a material
effect on the earnings for the 6 month period ending 31
December 2014.
GPI hereby advises that a reasonable degree of certainty exists
that basic earnings per share will increase by between 380% and
400% and headline earnings per share will decrease by between
130% and 150% for the 6 month period ended 31 December 2014
from the basic earnings per share and headline earnings per
share for the previous comparable 6 month period ending 31
December 2013.
Consequently, the basic earnings per share for the 6 month
period ended 31 December 2014 will be between 125.81 cents and
131.05 cents per share, compared to the basic earnings per
share of 26.21 cents for the previous comparable period and the
headline loss per share for the 6 month period ended 31
December 2014 will be between 4.19 cents and 6.98 cents per
share, compared to the headline earnings per share of 13.95
cents for the previous comparable period.
The financial information on which this trading statement is
based has not been reviewed and reported on by GPI’s external
auditors. The financial results for the 6 month period ended 31
December 2014 are expected to be published on or about 27
February 2015.
Cape Town
23 February 2015
Sponsor and corporate advisor:
PSG Capital
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