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

FINBOND GROUP LIMITED - Trading Update - year ended 28 February 2017

Release Date: 05/04/2017 14:15
Code(s): FGL     PDF:  
Wrap Text
Trading Update - year ended 28 February 2017

Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE00013895
(“Finbond” or “the Company” or “the Group”)


TRADING UPDATE – YEAR ENDED 28 FEBRUARY 2017

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the next period to be
reported on will differ by more than 20% from that of the previous corresponding period.

A review of the financial results for the year ended 28 February 2017 by the directors of the Company
has indicated that:

    -   headline earnings per share will increase to between 17.43 cents and 19.36 cents per share,
        representing a percentage improvement of between 65.68% and 84.03% compared to the
        10.52 cents per share reported for the prior year; and

    -   earnings per share will increase to between 17.32 cents and 19.25 cents per share,
        representing a percentage improvement of between 79.48% and 99.48% compared to the 9.65
        cents per share reported for the prior year.

These increases are mainly due to Finbond’s successful expansion into the North American market.

The financial information on which this trading statement is based has not been reviewed or reported
on by Finbond’s auditors. Finbond’s audited results for the period ended 28 February 2017 are expected
to be released on SENS on or before 29 May 2017.

Pretoria
5 April 2017


SPONSOR:
GRINDROD BANK LIMITED

Date: 05/04/2017 02:15:00 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