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Trading Statement
Curro Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a
trading statement as soon as it becomes aware that the financial results for the financial period to
be reported on next will vary by 20% or more from those of the previous comparable period.
Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that the
Company’s earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the six months
ended 30 June 2017 will be between 26.4 cents and 27.5 cents per share compared to the 22.0 cents
per share achieved for the prior corresponding period, being an increase of between 20% and 25%.
As previously announced, Curro intends to unbundle its subsidiary Stadio Holdings Proprietary
Limited (“Stadio”). Given the current development phase of Stadio, substantial expansion cost has
been incurred. Should Stadio be excluded from the Company’s performance, the Curro schools
business EPS and HEPS per share for the six months ended 30 June 2017 will be between 27.1 cents
and 28.2 cents per share compared to the 20.2 cents per share achieved for the prior corresponding
period, being an increase of between 34% and 40%.
The financial information on which this trading statement is based has not been reviewed and
reported on by Curro’s auditor.
The financial results for the six months ended 30 June 2017 are expected to be published on or
about 15 August 2017.
By order of the Board
Durbanville
19 July 2017
Sponsor
PSG Capital
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