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CURRO HOLDINGS LIMITED - Trading statement

Release Date: 22/07/2016 11:40
Code(s): COH     PDF:  
Wrap Text
Trading statement

Curro Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a listed company
is required to publish a trading statement as soon as it becomes aware
that the financial results for the financial period to be reported on next
will vary by 20% or more from those of the previous comparable period.

Accordingly, shareholders are hereby advised that a reasonable degree of
certainty exists that the Company’s earnings per share (“EPS”) and
headline earnings per share (“HEPS”) for the six months ended 30 June 2016
will be between 21,2 cents and 22,7 cents per share compared to the 14,5
cents (restated from 14,8 cents as a result of the rights issue in May
2016) achieved for the prior corresponding period, being an increase of
between 46% and 56%.

The rights issue concluded during May 2016 requires the results for the
corresponding six months ended 30 June 2015 to be restated. Based on the
previous published EPS and HEPS of 14,8 cents for the prior corresponding
period, Curro expects an increase of between 44% and 54% in EPS and HEPS.

The financial information on which this trading statement is based has not
been reviewed and reported on by Curro’s auditor.

The financial results for the six months ended 30 June 2016 are expected
to be published on or about 16 August 2016.

By order of the Board

Durbanville
22 July 2016

Sponsor
PSG Capital

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