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CURRO HOLDINGS LIMITED - Trading Statement

Release Date: 22/07/2015 13:00
Code(s): COH     PDF:  
Wrap Text
Trading Statement

Curro Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” 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.

Accordingly, shareholders are hereby advised that a reasonable degree of
certainty exists that the Company’s earnings per share (“EPS”) and
headline earnings per share (“HEPS”) for the six month period ended 30
June 2015 will be between 14,1 cents to 15,0 cents per share compared to
the 8,8 cents (restated from 9,0 cents as a result of the rights issue in
May 2015) achieved for the prior corresponding period, being an increase
of between 60% and 70%.

The rights issue concluded during May 2015 requires the results for the
corresponding six month period ended 30 June 2014 to be restated. Based on
the previous published EPS and HEPS of 9,0 cents for the prior
corresponding period, Curro expects an increase of between 57% and 67% in
EPS and HEPS.

The financial information on which this trading statement is based has not
been reviewed and reported on by Curro’s auditor.

The financial results for the six month period ended 30 June 2015 are
expected to be published on or about 13 August 2015.

By order of the Board

Durbanville
22 July 2015

Sponsor
PSG Capital

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