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ECSPONENT LIMITED - Updated Trading Statement for the year ended 31 December 2015

Release Date: 24/03/2016 16:13
Code(s): ECS     PDF:  
Wrap Text
Updated Trading Statement for the year ended 31 December 2015

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

Updated Trading Statement for the year ended 31 December 2015

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 year ended 31 December 2015, on which the trading statement is based,
have not been 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 are pleased to provide shareholders with a further update to the trading statement
released on 1 December 2015, as follows:

-    Earnings per share (“EPS”) is expected to increase by between 100% and 120%, resulting in an
     EPS of between 2.381 cents and 2.619 cents per share as compared to 1.190 cents per share for
     the comparative period; and
-    Headline earnings per share (“HEPS”) is expected to increase by between 150% and 170%,
     resulting in a HEPS of between 2.337 cents and 2.524 cents per share as compared to 0.935 cents
     per share for the comparative period.


24 March 2016

Pretoria

Sponsor to Ecsponent
Questco (Pty) Ltd

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