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GRAND PARADE INVESTMENTS LIMITED - Trading Statement

Release Date: 26/08/2015 15:40
Code(s): GPL     PDF:  
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Trading Statement

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” 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.

Due to the high level of corporate activity that took place
during the year ended 30 June 2015, a number of once-off
accounting gains and profits from disposals were realized
which have had a material effect on the basic earnings for the
year ended 30 June 2015 and require a detailed explanation.

In addition, a detailed explanation is required in respect of
the improved earnings from the Group’s investments in SunWest
International (Pty) Ltd and GPI Slots (Pty) Ltd, which have had
a material effect on the headline earnings for the year ended
30 June 2015.

GPI hereby advises that a reasonable degree of certainty exists
that basic earnings per share will increase by between 834% and
844% and that headline earnings per share will increase by
between 227% and 237% for the year ended 30 June 2015 compared
to the basic earnings per share and headline earnings per share
for the previous year ended 30 June 2014.

Consequently, the basic earnings per share for the year ended
30 June 2015 will be between 141.96 cents and 143.48 cents per
share, compared to the basic earnings per share of 15.20 cents
for the previous comparable period. Headline earnings per share
for the year ended 30 June 2015 will be between 10.37 cents and
10.69 cents per share, compared to the headline earnings per
share of 3.17 cents for the previous comparable period.

The financial information on which this trading statement is
based has not been reviewed and reported on by GPI’s external
auditors. The financial results for the year ended 30 June 2015
will be published on 31 August 2015.

Cape Town
26 August 2015

Sponsor:
PSG Capital

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