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Voluntary Trading Update
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2005/027663//06)
Share code: CGR ISIN: ZAE000109203
(“Calgro M3” or “the Company”)
VOLUNTARY TRADING UPDATE
Calgro M3 wishes to advise shareholders that the Company’s headline earnings per share (“HEPS”)
for the six months ended 31 August 2016 is expected to be between 63.60 cents per share and 65.59
cents per share, compared to HEPS of 66.25 cents per share reported in the previous corresponding
period, equating to a decrease of between 1% and 4%.
Earnings per share (“EPS”) for the six months ended 31 August 2016 is expected to be between 63.60
cents per share and 65.59 cents per share compared to 66.25 cents per share reported in the
previous corresponding period, equating to a decrease of between 1% and 4%.
For the period under review the Group increased its activity in integrated development sales to the
private sector, as public sector spending retracted in the run-up to the local elections. The focus on
the private sector has also ensured sustainability and diversification. Management views the Group’s
variable costing model as key to reducing risk in these uncertain times. Attention was placed on cash
preservation, and creating long-term investment opportunities, that will complement and ensure
sustainable growth of the development business.
Calgro M3 expects the South African economy to remain subdued and so too consumer spending.
With increased development construction as a result of the Group’s new REIT investment, as well as
new infrastructure to commence in the second half of the year, the Group has committed to assist
South Africa not only in eradicating the housing backlog, but also to ensuring job creation which in
turn will drive economic growth.
The financial information on which this trading statement is based has not been reviewed or
reported on by the Company’s auditors.
The Company anticipates publishing its results for the period ending 31 August 2016 on or about 17
October 2016.
Johannesburg
7 October 2016
Sponsor
Grindrod Bank Limited
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