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Updated Trading Statement for the 15 months ended 31 March 2017
ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS | ISIN: ZAE000179594
("the Company" or "Ecsponent")
UPDATED TRADING STATEMENT FOR THE 15 MONTHS ENDED 31 MARCH 2017
In terms of paragraph 3.2(b) of the JSE Limited (“JSE”) Listings Requirements, companies are required
to publish a trading statement as soon as they are satisfied, with a reasonable degree of certainty, that
the financial results for the period to be reported upon next will differ by at least 20% from those of the
previous corresponding reporting period.
Shareholders are referred to the trading statement released on SENS on 24 May 2017 in which the Board
advised shareholders of the minimum difference expected between the year-end results* for the 15-
month period ended 31 March 2017 (“Current Period”) when compared with the published results for the
financial year ended 31 December 2015 (“Comparative Period”).
The Board is pleased to further advise shareholders that it is reasonably certain that the year-end results
for the Current Period when compared with the published results for the Comparative Period, will reflect
an increase of between 215% and 230% in earnings per share (“EPS”), resulting in an EPS of between
8.161 cents and 8.550 cents, as compared to the EPS of 2.591 cents for the Comparative Period.
The adjustments required in terms of the Headline Earnings Circular 2/2015 issued by the South African
Institute of Chartered Accountants (“SAICA”) result in a notable disparity between EPS and headline
earnings per share (“HEPS”). The impact is that after-tax profits of R78 million are included in the IFRS
guided EPS calculation but are excluded from the SAICA guided HEPS calculation.
The HEPS is expected to decrease by between 99% and 100%, resulting in a HEPS of between 0.005
cents and 0.020 cents, as compared to the HEPS of 2.490 cents for the Comparative Period.
The Board believes the Company’s performance is best guided by EPS, as the Company is in the process
of concluding the balance of the corporate actions in respect of the Sure Choice disposal and the dilution
in Ecsponent Financial Services Limited Zambia, which will be accounted for in the new financial year.
The financial information on which this trading statement is based has not been reviewed or reported on
by the Company's auditors.
The financial results for the Current Period will be released on or before 30 June 2017.
* Shareholders are referred to the announcement dated 12 December 2016 which contained details of
the change in the Group’s financial year end from 31 December 2016 to 31 March 2017.
22 June 2017
Pretoria
Sponsor to Ecsponent
Questco (Pty) Ltd
Date: 22/06/2017 03:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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