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STEFANUTTI STOCKS HOLDINGS LIMITED - Trading Statement for the six months ended 31 August 2015

Release Date: 22/10/2015 15:45
Code(s): SSK     PDF:  
Wrap Text
Trading Statement for the six months ended 31 August 2015

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK ISIN: ZAE000123766
(“Stefanutti Stocks” or “the Group”)

TRADING STATEMENT

In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the Board of
Stefanutti Stocks hereby provides shareholders with a trading update of the Group’s results for the
six months ended 31 August 2015.

Total earnings per share (comprising both continuing and discontinued operations) are expected to
be between 50,1 cents and 57,6 cents per share representing an increase of between 0% and 15%
more than the 50,1 cents per share reported for the prior period. Headline earnings per share are
expected to be between 47,8 cents and 55,0 cents per share representing an increase of between
0% and 15% more than the 47,8 cents per share reported for the prior period.

In the previous financial year, 28 February 2015, the Power division was only recognised and
reported as a discontinued operation at year-end. Consequently the results for the six months
ended 31 August 2014 have been restated to exclude the Power division from continuing
operations.

As a result of this restatement, earnings per share in respect of continuing operations are expected
to be between 49,8 cents and 62,3 cents per share representing a decrease of between 0% and
20% less than the restated 62,3 cents per share reported for the prior period. Headline earnings
per share are expected to be between 47,9 cents and 59,9 cents per share representing a
decrease of between 0% and 20% less than the restated 59,9 cents per share reported for the
prior period.

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

Johannesburg
22 October 2015
Sponsor: Bridge Capital Advisors (Pty) Ltd

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