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ELB GROUP LIMITED - Trading Statement

Release Date: 14/07/2017 15:25
Code(s): ELR     PDF:  
Wrap Text
Trading Statement

ELB Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
Share code: ELR
ISIN: ZAE000035101
(“ELB”, “the Company” or “the Group”)

TRADING STATEMENT

In terms of the JSE Limited Listings Requirements, companies are required
to provide guidance to the market when they are satisfied that a
reasonable degree of certainty exists that the financial results for the
current reporting period (being the year ended 30 June 2017) will differ
by at least 20% from the financial results for the previous corresponding
reporting period (being the year ended 30 June 2016).

In the results for the previous corresponding reporting period, the Group
advised that it had budgeted for a return to profitability during the
coming financial year. The board is pleased to advise shareholders that
ELB expects to achieve headline earnings per share (“HEPS”) and earnings
per share (“EPS”) for the current reporting period as against the
headline loss per share (“HLPS”) and loss per share (”LPS”) in respect of
the previous corresponding reporting period.

HEPS for the current reporting period is expected to be at least 675.2
cents higher than the HLPS of 519.4 cents reported in the previous
corresponding reporting period, resulting in a HEPS of at least 155.8
cents. EPS for the current reporting period is expected to be at least
676.5 cents higher than the LPS of 516.4 cents reported in the previous
corresponding reporting period, resulting in a EPS of at least 160.1
cents.

There is currently insufficient certainty to enable the Group to provide
specific guidance on the extent of the expected increase in both HEPS and
EPS and it is anticipated that ELB will publish a further trading
statement closer to the release of its annual financial results on the
Stock Exchange News Service, the expected timing of release of which is
on or about 20 September 2017.

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

Johannesburg
14 July 2017

Sponsor
Questco Corporate Advisory Proprietary Limited

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