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ELB GROUP LIMITED - Trading statement

Release Date: 28/02/2017 15:21
Code(s): ELR     PDF:  
Wrap Text
Trading statement

ELB Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
Share code: ELR
ISIN: ZAE000035101
(“ELB”, “the Company” or “the Group”)

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.

The anticipated results for the six month period ended 31 December 2016
reflects the expected return to profitability. All business segments have
contributed in-line with expectations for the first half of the 2017
financial year and the balance sheet remains strong. The Company expects to
release the Group Interim Report for the six months ended 31 December 2016
on SENS on or about 14 March 2017.

Accordingly, shareholders of the Company are advised that:

- earnings per share (“EPS”) for the six months ended 31 December 2016 is
expected to improve by at least 350% (177.1 cents) from the loss per share
of 50.6 cents reported for the six months ended 31 December 2015; and

- headline earnings per share (“HEPS”) for the six months ended
31 December 2016 is expected to improve by at least 340% (174.4 cents) from
the headline loss per share of 51.3 cents reported for the six months ended
31 December 2015.

There is currently insufficient certainty to enable the Group to provide
specific guidance as to the eventual extent of the expected increase in
both EPS and HEPS and it is anticipated that the Company will release a
further trading statement on SENS once the Company is in a position to
provide specific guidance.

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


Johannesburg
28 February 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28/02/2017 03:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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