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GOODERSON LEISURE CORPORATION LTD - Trading update

Release Date: 15/10/2015 16:05
Code(s): GDN     PDF:  
Wrap Text
Trading update

GOODERSON LEISURE CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1972/004241/06)
(JSE code: GDN ISIN: ZAE000084984)
(“Gooderson” or “the company” or “the group”)

Trading Statement

In terms of paragraph 3.4(b) of the JSE Limited (“JSE”) Listings Requirements, companies are required to
publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the
period reported on will differ by more than 20% from the previous corresponding period.

Shareholders are advised that Gooderson is currently in the process of finalizing its results for the six months
ended 31 August 2015. It is anticipated, with a reasonable degree of certainty, that Gooderson will reflect a
basic loss per share of between 0.02 and 0.12 cents (basic earnings of 0.68 cents per share for the six months
ended 31 August 2014) which equates to a decrease of between 102% and 117%. It is also anticipated, with a
reasonable degree of certainty, that Gooderson will reflect a headline loss per share of between 0.04 and 0.12
cents (headline earnings of 0.67 cents per share for the six months ended 31 August 2014) which equates to a
decrease of between 102% and 117%.

As stated in the Annual Report 2015, is was expected that the Interim Results for the six months ended 31
August 2014 would show a loss due to the extensive upgrades and refurbishment programmes done in the
winter months.

The group has built a waterpark at the Natal Spa Hot Springs & Leisure Resort and upgraded and refurbished 25
hotel rooms. At Drakensberg Gardens Golf and Spa Resort the group has built 6 hotel rooms and upgraded and
refurbished 26 hotel rooms and are in the process of creating an Adventure Park. As announced on SENS on 19
May 2015, the group has taken over the Beach Hotel in Durban and is in the process of being upgraded to
Goodersons standards.

The financial information on which this trading statement is based has not been reviewed by Gooderson’s
auditors.

The company’s financial results for the six months ended 31 August 2015 are expected to be released on
22 October 2015.



15 October 2015
Johannesburg

Designated Advisor
Exchange Sponsors

Date: 15/10/2015 04:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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