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MICROMEGA HOLDINGS LIMITED - Trading Statement - HEPS Expected to be 100% up on Comparative 12 Month Period

Release Date: 20/05/2015 11:18
Code(s): MMG     PDF:  
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Trading Statement - HEPS Expected to be 100% up on Comparative 12 Month Period

MICROmega Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/003821/06)
Share code: MMG ISIN: ZAE000034435
(“MICROmega” or “the Company”)



TRADING STATEMENT - HEPS EXPECTED TO BE 100% UP ON COMPARATIVE 12 MONTH PERIOD


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be
reported on will differ by more than 20% from that of the previous corresponding period. It should be
noted that the previous corresponding period was 15 months due to a change in year end from December
to March. Consequently a 12 month comparative is included in this statement.

A review by management of the financial results for the 12 month period ended 31 March 2015 by
management has indicated that:
-   on a 12 month comparative basis, earnings per share (“EPS”) and headline earnings per share
    (“HEPS”) will be at least 100% higher, compared to the EPS of 48.88 cents and the HEPS of 49.29
    cents for the 12 month period ended 31 December 2013;
-   EPS is expected to be at least 26.44 cents lower than the EPS of 130.44 cents for the 15 month
    period ended 31 March 2014, reflecting a decrease of at least 20%. The 15 month period included
    EPS of 66.15 cents as a result of bargain purchase price inclusions that are not repeated in the
    current year; and
-   HEPS is expected to be at least 37.75 cents higher than the HEPS of 62.91 cents for the 15 months
    ended 31 March 2014, reflecting an increase of at least 60%.

A further trading statement will be released once the Company has a greater degree of certainty with
regards to its financial results for the financial period.

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


Johannesburg
20 May 2015

Sponsor
Merchantec Capital

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