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ADVTECH LIMITED - Trading Statement for Year Ended 31 December 2016

Release Date: 07/03/2017 12:30
Code(s): ADH     PDF:  
Wrap Text
Trading Statement for Year Ended 31 December 2016

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH
ISIN: ZAE000031035
("ADvTECH" or "the Company")

TRADING STATEMENT FOR YEAR ENDED 31 DECEMBER 2016

In terms of the Listings Requirements of the JSE Limited, a listed company is required to
publish a trading statement as soon as it becomes reasonably certain that the financial
results for the next period to be reported on will show a 20% or more difference from those
of the previous corresponding period.

ADvTECH advises shareholders, with reasonable certainty, that both basic earnings per
share (“EPS”) and headline earnings per share (“HEPS”) for the year ended 31 December
2016 will be between 37% and 42% higher than the comparative reporting period for the
year ended 31 December 2015 (“the comparative period”). EPS is expected to be between
68.8 and 71.3 cents per share as compared to 50.2 cents per share for the comparative
period and HEPS is expected to be between 69.9 and 72.4 cents per share as compared to
51.0 cents per share for the comparative period.

Settlement of a litigation matter disclosed in the Company’s 2015 Integrated Annual Report
has contributed to the increase. Omitting this aspect as well as other corporate action costs
will result in normalised earnings per share (“NEPS”) being between 20% and 25% higher
than the comparative period, resulting in NEPS of between 64.7 and 67.4 cents per share for
the year ended 31 December 2016 as compared to 53.9 cents per share for the comparative
period.

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

ADvTECH expects to release results for the year ended 31 December 2016 on the
Johannesburg Stock Exchange News Service on or about Wednesday, 22 March 2017.

7 March 2017
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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