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

TRADEHOLD LIMITED - Trading Statement for the Year Ended 28 February 2015

Release Date: 15/05/2015 12:19
Code(s): TDH     PDF:  
Wrap Text
Trading Statement for the Year Ended 28 February 2015

Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000152658
(“the Company”)

TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2015

Net profit for the year ending 28 February 2015 is expected to
increase by between 18% and 23% (increase approximating £1.2m
to £1.5m), off a 2014 base of £6.392m, resulting in an
expected increase in basic and diluted Earnings per Share of
between 6% and 11% (increase approximating 0.3 pence to 0.5
pence), off a 2014 base of 4,6 pence per share.

Core headline earnings, as defined by the entity, which
excludes once-off items and non-operating items is expected to
increase by between 75% and 80% (increase approximating £3.4m
to £3.7m), off a 2014 base of £4.6m, resulting in an expected
increase in core headline earnings per share of between 59%
and 64% (increase approximating 1.9 pence to 2.1 pence), off a
2014 base of 3,3 pence per share.

The inclusion of fair value losses on the non-core investments
in listed shares of £0.9m (compared to a fair value gain of
£1.7m in 2014) and the exclusion of fair value gains and
profit on sale of core investment properties of £3.5m
(compared to £0.2m in 2014) from the calculation of headline
earnings, is expected to result in a decrease in headline
earnings of between 12% and 17% (decrease approximating £0.7m
to £1m), off a 2014 base of £6.189m. Consequently, headline
Earnings per Share for the year ending 28 February 2015 is
expected to be lower by between 22% and 27% (decrease
approximating 1 pence to 1.2 pence) off a 2014 base of 4,5
pence per share.

It is anticipated that the financial results for the year
ending 28 February 2015 will be published on or about
29 May 2015.

The above information has not been reviewed or reported on by
the Company’s auditors.

Cape Town
15 May 2015

Sponsor
Bravura Capital (Pty) Ltd

Date: 15/05/2015 12:19:00 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