To view the PDF file, sign up for a MySharenet subscription.

PINNACLE HOLDINGS LIMITED - Voluntary trading statement and update

Release Date: 09/02/2017 16:07
Code(s): PNC     PDF:  
Wrap Text
Voluntary trading statement and update

Pinnacle Holdings Limited
Registration number 1986/000334/06
Share Code: PNC
ISIN: ZAE000184149
(“Pinnacle” or “the Group” or “the Company”)

VOLUNTARY TRADING STATEMENT AND UPDATE

Revenue, Headline Earnings, Earnings per Share (“EPS”) and Headline Earnings per
Share (“HEPS”)

Shareholders are advised that the Company is reasonably certain that its interim
results for the 6 months ended 31 December 2016 will reflect the following:

                          6 months to            6 months to         6 months to
                       31 December 2016          31 December      31 December 2016
                        Expected Values          2015 Actual       Expected change
                                                                     percentage
  Revenue                R6,300 to R6,375          R4,331 million      +45% to +47%
                                   million
  Headline earnings         R170 to R180             R150 million        +13% to +20%
                                   million
  EPS                    103 to 108 cents               94.4 cents        +9% to +14%
  HEPS                   104 to 108 cents               94.1 cents       +11% to +15%

   A. The acquisitions of Datacentrix Holdings Limited and Solareff (Proprietary)
      Limited in the second half of the last financial year have contributed to the
      growth in revenue for the six months ended 31 December 2016.
   B. All operations within the group have performed in line with, or in excess of,
      our expectations, contributing to a pleasing increase in the profitability of the
      group.

The above information has not been reviewed or reported on by the Company's
auditors. The Company's unaudited interim financial results for the six months ended
31 December 2016 are expected to be published on SENS on or about 2 March 2017.

Midrand
9 February 2017

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 09/02/2017 04:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story