THE FOSCHINI GROUP LIMITED - Trading Statement

Trading Statement

THE FOSCHINI GROUP LIMITED
Reg. No.: 1937/009504/06
Code: TFG
ISIN: ZAE000148466

Trading statement

In terms of paragraph 3.4(b)(i) of the listings requirements
of the JSE Limited, companies are required to publish a
trading statement as soon as they become reasonably certain
that the financial results for the period to be reported on
next will be more than 20% different from that of the
previous corresponding period.

The company advises that it expects its basic and headline
earnings per share from continuing operations for the year
ended 31 March 2016, to be between 30% and 40% higher than
those reported for the prior year ended 31 March 2015.
Basic earnings per share from continuing operations are
expected to be between 978 and 1 053 cents per share
compared to the prior year reported number of 752,5 cents
per share. Headline earnings per share from continuing
operations are expected to be between 984 and 1 060 cents
per share compared to the prior year reported number of
757,1 cents per share.

Excluding the once-off acquisition costs incurred in the
prior year relating to our acquisition of Phase Eight as
well as those incurred in the current year relating to the
acquisition of Whistles, we expect our basic earnings per
share from continuing operations for the year ended 31 March
2016, to be between 15% and 25% higher than those reported
for the prior year ended 31 March 2015 (between 1 027 and 1
116 cents per share compared to the prior year reported
number of 893,3 cents per share). Excluding the once-off
acquisition costs, as referred to above, we expect our
headline earnings per share from continuing operations for
the year ended 31 March 2016, to be between 15% and 20%
higher than those reported for the prior year ended 31 March
2015 (between 1 033 and 1 077 cents per share compared to
the prior year reported number of 897,9 cents per share).

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

The group’s results for the year ended 31 March 2016 are
expected to be released on SENS on or around 26 May 2016.
-
Cape Town
9 May 2016

SPONSOR
UBS South Africa (Pty) Ltd
-ENDS

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