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PURPLE GROUP LIMITED - Trading statement and update for the year ended 31 August 2016

Release Date: 28/10/2016 09:40
Code(s): PPE     PDF:  
Wrap Text
Trading statement and update for the year ended 31 August 2016

Purple Group Limited

(Incorporated in the Republic of South Africa)

(Registration number 1998/013637/06)

Share code: PPE ISIN: ZAE000185526

(“Purple Group” or “the Company”)

TRADING STATEMENT AND UPDATE FOR THE YEAR ENDED 31 AUGUST 2016

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading
statement as soon as the issuer and its directors are satisfied that there is a reasonable degree of certainty that the
financial results for the next reporting period will differ by at least 20% from those of the previous corresponding
period.


Shareholders are accordingly advised that for the year ended 31 August 2016, the directors of Purple Group
anticipate a basic loss per share (“EPS”) and headline loss per share (“HEPS”) of between 0.35 cents to 0.39 cents,
compared to earnings per share of 3.51 cents and headline earnings per share of 3.51 cents respectively,
representing a decrease in EPS of between 110% and 111.1% and a decrease in HEPS of between 110% and 111.1%,
compared to the previous corresponding 12 month period.


Trading update
During the 2016 financial year, the decision was taken to invest, at the expense of immediate term profits, a total of
R76.8 million (an increase of 28.5% over the prior year) in the people, technology and marketing required to develop
and launch the various new products that re-positioned Purple Group as the leading FinTech company in Africa.


In the result, active clients increased by 94%, client assets increased by 41% and new partnerships added in excess
of R150 million to the asset base.


The information above has not been audited or reported on by the Company’s auditors.


The Company’s annual results for the twelve months ended 31 August 2016 are expected to be published on SENS
on or about 2 November 2016.


Johannesburg
28 October 2016
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 28/10/2016 09:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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