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Trading Statement
Comair Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1967/006783/06
ISIN Code: ZAE000029823
Share Code: COM
(“Comair” or “the Company” or “the Group”)
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to provide
guidance to the market when they are satisfied that a reasonable degree of certainty exists
that the financial results for the current reporting period will differ by at least 20% from the
results of the previous corresponding reporting period.
Comair is currently finalising its results for the six months ended 31 December 2015. In
this regard, shareholders are advised that the Company expects earnings per share
(“EPS”) and headline earnings per share (“HEPS”) for the six months ended 31 December
2015 to be at least 50% (at least 18.8 cents) lower than EPS and HEPS of 37.6 cents
reported for the previous corresponding period, being the six months ended 31 December
2014. The expected decrease is primarily due to a decline in average market fares with a
consequent reversal in revenue growth versus that experienced in the first half of financial
year 2015 and the revaluation of a dollar denominated liability as at 31 December 2015.
There is currently insufficient certainty to enable the Group to provide specific guidance on
the extent of the expected decrease in both HEPS end EPS and it is anticipated that
Comair will publish a further trading statement closer to the release of its interim financial
results on the Stock Exchange News Service, on or about 29 January 2016.
The forecast financial information on which this trading statement is based has not been
reviewed and reported on by the Company’s auditors.
Bonaero Park
14 January 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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