To view the PDF file, sign up for a MySharenet subscription.

STEFANUTTI STOCKS HOLDINGS LTD - Trading Statement

Release Date: 09/03/2015 09:30
Code(s): SSK     PDF:  
Wrap Text
Trading Statement

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK ISIN: ZAE000123766
(“Stefanutti Stocks” or “the Group”)


TRADING STATEMENT


In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the Board of Stefanutti Stocks
hereby provides shareholders with a trading update of the Group’s results for the year ended 28 February
2015.


Total earnings per share (comprising both continuing and discontinued operations) are expected to be
between 105,1 cents and 118,7 cents per share representing an increase of between 55% and 75% more
than the 67,8 cents per share reported for the prior year. Headline earnings per share are expected to be
between 98,7 cents and 111,5 cents per share representing a similar increase of between 55% and 75%
more than the 63,7 cents per share reported for the prior year.


The withdrawal by Stefanutti Stocks from the power line market has led to the Power division meeting the
requirements for classification as a discontinued operation in accordance with International Financial
Reporting Standards. Consequently the results for the year ended 28 February 2014 are to be restated to
reflect continuing operations.


As a result of this restatement, earning per share in respect of continuing operations are expected to be
between 134,9 cents and 152,3 cents per share representing an increase of between 55% and 75% more
than the restated 87,0 cents per share for the prior year. Headline earnings per share are expected to be
between 128,7 cents and 142,3 cents per share representing a similar increase of between 55% and 75%
more than the restated 83,0 cents per share reported for the prior year.


All business units have performed in line with management’s expectations.


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


Johannesburg
9 March 2015
Sponsor: Bridge Capital Advisors (Pty) Ltd

Date: 09/03/2015 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story