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DISTRIB. AND WAREHOUSING NETWORK LD - Trading statement for the year ending 31 March 2017

Release Date: 17/01/2017 16:12
Code(s): DAW     PDF:  
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Trading statement for the year ending 31 March 2017

Distribution and Warehousing Network Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)
Share code: DAW & ISIN code: ZAE000018834
(“DAWN” or “the Company” or “the Group”)

TRADING STATEMENT FOR THE YEAR ENDING 31 MARCH 2017

Shareholders are advised that a reasonable degree of certainty exists that the Group’s basic earnings per
share for the year ending 31 March 2017 is expected to be at least 20% (64cps) better than the 318 cps
loss reported for the previous year and a loss per share of less than 254 cps is anticipated. Headline
earnings per share (“HEPS”) for the year ending 31 March 2017 is expected to be at least 20% (13cps)
worse than the HEPS loss of 66 cps reported for the previous year and a HEPS loss of more than 79 cps is
anticipated. Comparison of the current year’s full results to those of the prior year will be significantly
impacted by the impairments that took place in the 2016 financial year.

The DAWN board have implemented a number of actions to lower costs and improve profitability. An
update on these actions, together with a further trading statement will be released in due course to,
amongst others, provide shareholders with a business update on the Group’s performance, as well as
earnings forecast ranges for earnings per share and HEPS as required by the JSE Listings Requirements.

The forecast financial information on which this trading statement is based has not been reviewed and
reported on by the Company´s external auditors.

DAWN's results for the year ending 31 March 2017 are expected to be released on SENS on or about 14
June 2017.

Germiston
17 January 2017
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 17/01/2017 04:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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