PSG KONSULT LIMITED - Trading Statement And Release Of Financial Results

Trading Statement And Release Of Financial Results

PSG Konsult Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
ISIN Code: ZAE000191417
(“PSG Konsult”)

RECURRING HEADLINE EARNINGS

PSG Konsult uses the recurring headline earnings per share
benchmark to provide management and investors with a realistic and
transparent way of evaluating its earnings performance. Once-off
items are excluded from recurring headline earnings.

PSG KONSULT TRADING STATEMENT AND RELEASE OF FINANCIAL RESULTS

In terms of the Listings Requirements of JSE Limited (“JSE Listings
Requirements”), a listed company is required to publish a trading
statement as soon as it is satisfied that a reasonable degree of
certainty exists that the financial results for the period to be
reported on next will differ by at least 20% from that of the
previous corresponding period.

In compliance with the JSE Listings Requirements, shareholders are
advised that a review of the financial results for the year ended
28 February 2017 by management has indicated that a reasonable
degree of certainty exists that for the year ended 28 February
2017:

•   Recurring headline earnings per share will be between 36.8 cents
    and 37.6 cents, being between 15% and 17% higher than the 32.1
    cents reported for the year ended 29 February 2016;

•   Headline earnings per share will be between 36.8 cents and 37.6
    cents, being between 61% and 64% higher than the 22.9 cents
    reported for the year ended 29 February 2016; and

•   Attributable earnings per share will be between 36.9 cents and
    37.6 cents, being between 60% and 63% higher than the 23.0 cents
    reported for the year ended 29 February 2016.

The increase in attributable and headline earnings is due to a non-
recurring R115 million tax settlement agreement concluded with the
South African Revenue Service in the 2016 financial year.

The financial information on which this trading statement is based
has not been reviewed or reported on by PSG Konsult’s auditors.

PSG Konsult’s financial results for the financial year ended
28 February 2017 are expected to be released on Stock Exchange News
Service ("SENS") of the Johannesburg Stock Exchange ("JSE") and the
Namibian Stock Exchange (“NSX”) on or about Thursday, 13 April
2017.


Tyger Valley
31 March 2017

JSE sponsor: PSG Capital Proprietary Limited
NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited,
member of the Namibian Stock Exchange

Date: 31/03/2017 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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