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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”)
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 year ended 30 June 2016 which is expected
to be released on SENS on or about 13 September 2016. In this regard, shareholders are
advised that the Company expects earnings per share to be within 20% of those reported
for the year ended 30 June 2015. However the Company expects headline earnings per
share (“HEPS”) for the year ended 30 June 2016 to be at least 25% (at least 11.9 cents)
lower than HEPS of 47.9 cents reported for the previous corresponding period, being the
year ended 30 June 2015. The expected decrease is primarily due to profit arising on the
disposal of retired aircraft and profit on a claim against insured aircraft equipment
The forecast financial information on which this trading statement is based has not been
reviewed and reported on by the Company’s external auditors.
Bonaero Park
30 August 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/08/2016 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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