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eXtract GROUP LIMITED - Updated trading statement

Release Date: 13/04/2017 17:35
Code(s): EXG     PDF:  
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Updated trading statement

EXTRACT GROUP LIMITED
(previously Eqstra Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
JSE share code: EXG        ISIN: ZAE000223202
(“eXtract” or “the Company”)


UPDATED TRADING STATEMENT


Shareholders are referred to the cautionary announcement released on SENS on 31 March 2017 wherein shareholders
were advised that the Company is embarking on a strategic review process in relation to all aspects of its business 
as well as the trading statement released on 14 December 2016 in which eXtract reported that both headline earnings 
per share (“HEPS”) and earnings per share (“EPS”) for the six months ended 31 December 2016 are expected to be at 
least 20% lower than the HEPS and EPS reported for the previous corresponding reporting period (the six months ended
31 December 2015). At that time, it was not possible to quantify anticipated HEPS or EPS with the degree of certainty
required to specify a 20% range.

Shareholders are now advised that the Company anticipates a headline loss per share of between 7.6 cents per share
and 7.2 cents per share for the period ended 31 December 2016 (HEPS 31 December 2015: 2.2 cents loss per share).

The Company anticipates a loss per share of between 355 cents per share and 410 cents per share, constituting a
decrease of between 23.52% and 42.7% for the period ended 31 December 2016 (EPS 31 December 2015: 287.4 cents
loss per share).

The main reasons for the expected loss are asset impairments and the sale of the Fleet Management and Logistics and
Industrial Equipment divisions to enX Group Limited, effective 8 November 2016, which resulted in a subsequent loss
of those divisions contribution to earnings.

Operationally the remaining business reported losses in the South African operations which was further compounded
by the termination of the Botswana operations.

The financial information on which this trading statement is based has not been reviewed and reported on by eXtract’s
external auditors. The statement is based on financial information available at the time of publication.

eXtract’s unaudited financial results for the period ended 31 December 2016 will be released on SENS on or about
18 April 2017.

13 April 2017



Sponsor
Java Capital

Date: 13/04/2017 05:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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