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INDEQUITY GROUP LIMITED - Trading statement for the half-year ended 31 March 2017

Release Date: 13/04/2017 16:40
Code(s): IDQ     PDF:  
Wrap Text
Trading statement for the half-year ended 31 March 2017

Indequity Group Limited
Incorporated in the Republic of South Africa
Registration number 1998/015883/06
Share code: IDQ ISIN Code ZAE000016606
(“Indequity” or “the Group” or “the Company”)




                 TRADING STATEMENT FOR THE HALF-YEAR ENDED 31 MARCH 2017




Indequity is currently finalising its results for the six months ended 31 March 2017.

In terms of section 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to
publish a trading statement as soon as 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 those for the previous
corresponding period.

Accordingly, Indequity shareholders are advised that:

- the Group's basic earnings per share (“EPS”) is expected to be between 22.00 and 23.24 cents per
share, which is between 25% and 29% lower than the previous corresponding period’s EPS of 30.98
cents per share; and

- the Group’s headline earnings per share (“HEPS”) is expected to be between 23.54 and 24.78 cents
per share, which is between 20% and 24% lower than the previous corresponding period’s HEPS of
30.98 cents per share.

 - the decline in EPS and HEPS is largely due to severe flash floods in Gauteng during November 2016,
resulting in unusually high claims reported during this period.


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


Johannesburg

13 April 2017

Sponsor:
KPMG Services (Pty) Ltd

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