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ADVTECH LIMITED - Voluntary Trading Statement

Release Date: 14/08/2017 10:35
Code(s): ADH     PDF:  
Wrap Text
Voluntary Trading Statement

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH        ISIN: ZAE000031035
("ADvTECH" or "the Company" or "ADH")

VOLUNTARY TRADING STATEMENT FOR THE HALF YEAR ENDED 30 JUNE 2017

ADvTECH advises shareholders, with reasonable certainty, that normalised earnings per
share (“NEPS”) for the half year ended 30 June 2017 will be between 20% and 25% higher
than the comparative reporting period for the half year ended 30 June 2016 (“the
comparative period”). NEPS is expected to be between 38.3 and 39.9 cents per share as
compared to 31.9 cents per share for the comparative period.

Settlement of a litigation matter disclosed in the Company’s 2016 Integrated Annual Report
contributed to a once off increase in the results for the comparative period. This aspect
together with other corporate action costs, which are excluded from NEPS, will result in both
basic earnings per share (“EPS”) and headline earnings per share (“HEPS”) being between
4% and 7% higher than for the comparative period. EPS is expected to be between 37.8 and
38.8 cents per share as compared to 36.3 cents per share for the comparative period and
HEPS is expected to be between 38.0 and 39.1 cents per share compared to 36.5 cents per
share for the comparative period.

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

ADvTECH expects to release results for the half year ended 30 June 2017 on the
Johannesburg Stock Exchange News Service on or about Monday, 21 August 2017.

14 August 2017
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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