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ECSPONENT LIMITED - Trading Statement for the six months ended 30 June 2015

Release Date: 02/09/2015 07:05
Code(s): ECS     PDF:  
Wrap Text
Trading Statement for the six months ended 30 June 2015

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
(“the Company” or “Ecsponent”)


Trading Statement for the six months ended 30 June 2015

The board of directors are pleased to advise shareholders that the corporate actions and strategic
direction of the Group continue to gain momentum resulting in sustained improvement in the financial
performance of the Group.

In terms of the Listings Requirements of the JSE, a company is required to publish a trading statement
as soon as the company is satisfied, with a reasonable degree of certainty, that the financial results for
the period to be reported upon next will differ by at least 20% or more from those of the corresponding
reporting period of the previous year ("comparative period").

The estimates in respect of the interim reporting period ended 30 June 2015, on which the trading
statement is based, will not be reviewed, audited and reported on by the Company's auditors and the
following trading statement is therefore based on the information available at the time of this
announcement.

The board of directors accordingly advises shareholders of Ecsponent that:

-    Earnings per share (“EPS”) is expected to increase by a minimum of 220% from 0.388 cents for
     the previously reported comparative period, resulting in a minimum EPS of 1.242 cents per share;
     and
-    Headline earnings per share (“HEPS”) is expected to increase by a minimum of 2 000% from 0.016
     cents for the previously reported comparative period, resulting in a minimum HEPS of 0.336 cents
     per share.

An updated trading statement will be released as soon as the directors have further certainty on the
results for the interim period.

The results for the interim period ended 30 June 2015 will be published prior to 30 September 2015.



1 September 2015
Pretoria



Sponsor to Ecsponent
Questco (Pty) Ltd

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