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TRUSTCO GROUP HOLDINGS LIMITED - Trading statement

Release Date: 15/06/2016 09:34
Code(s): TTO     PDF:  
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Trading statement

Trustco Group Holdings Limited
Incorporated in the Republic of Namibia
(Registration number 2003/058)
NSX share code: TUC
JSE share code: TTO
ISIN Number: NA000A0RF067
("Trustco" or “the Group”)

TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2016

Shareholders are advised that the Group is presently finalising its annual financial statements
for the year ended 31 March 2016.

The Group expects to report:

an increase in revenue in comparison to the financial year ended 31 March 2015 (“prior period”)
of between 8% and 18%, being between NAD 1.1 billion and NAD 1.2 billion. Revenue of NAD
1.02 billion was reported for the prior period;

an increase in headline earnings per share (“HEPS”) in comparison to the prior period of
between 22% and 42% being between 48.3 cents and 56.2 cents. The prior period reported
HEPS was 39.6 cents; and

an increase in basic earnings per share (“EPS”) in comparison to the prior period of between
11% and 31%, being between 48.4 cents and 57.1 cents. The prior period reported EPS was
43.6 cents.

The expected increase in EPS and HEPS is mainly attributable to the following key factors in the
2016 financial period:

an increase in insurance premiums and a reduction in cost arising from the insurance operations
in comparison to the prior year;


an increase in advances in the banking and finance segment; and


an increase in the investments segment returns in comparison to the prior year.


Further details will be provided in the Group results, for the year ended 31 March 2016, which
will be released on or about 28 June 2016.

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

Windhoek, Namibia
15 June 2016

Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited

JSE Sponsor: Sasfin Capital (A division of Sasfin Bank Limited)
NSX Sponsor: IJG Securities (Pty) Ltd

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