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MICROMEGA HOLDINGS LIMITED - Further Trading Statement

Release Date: 27/05/2015 12:51
Code(s): MMG     PDF:  
Wrap Text
Further Trading Statement

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

FURTHER TRADING STATEMENT

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.

Further to the trading statement released on SENS on 20 May 2015, a review by management of the
financial results for the 12 month period ended 31 March 2015 by management has indicated that:
-   Earnings per share (“EPS”) is expected to be between 98.83 cents and 103.71 cents, reflecting an
    increase of between 102.2% and 112.2% compared to the EPS of 48.88 cents for the 12 month
    comparative period ended 31 December 2013 and a decrease of between 17.4% and 27.4%
    compared to the EPS of 130.44 cents for the 15 month period ended 31 March 2014. 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
-   headline earnings per share (“HEPS”) is expected to be between 98.84 cents and 103.76 cents,
    reflecting an increase of between 100.5% and 110.5% compared to the HEPS of 49.29 cents for the
    12 month comparative period ended 31 December 2013 and an increase of between 56.0% and
    66.0% compared to the HEPS of 62.91 cents for the 15 month period ended 31 March 2014.

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

MICROmega’s year end financial results are expected to be released on SENS on 28 May 2015.

Johannesburg
27 May 2015

Sponsor
Merchantec Capital

Date: 27/05/2015 12:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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