To view the PDF file, sign up for a MySharenet subscription.

GRAND PARADE INVESTMENTS LIMITED - Trading Statement

Release Date: 12/09/2017 17:05
Code(s): GPL     PDF:  
Wrap Text
Trading Statement

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” 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.

Shareholders are hereby advised that a reasonable degree of
certainty exists that:

  •   basic earnings per share will be between 0.09 and 8.69
      cents, which equates to a decrease of between 80% and 100%
      for the period ended 30 June 2017, compared to basic
      earnings per share of 43.01 cents reported in the previous
      period ended 30 June 2016 and;
  •   GPI expects to report a headline loss per share of between
      4.39 and 4.79 cents for the period ended 30 June 2017,
      compared to headline earnings per share of 1.99 cents
      reported in the previous period ended 30 June 2016.

Basic earnings per share decreased as a result of the profit on
sale of gaming assets recognised in the 2016 financial year
amounting to R270 million. The decrease in headline earnings per
share is attributed to the sale of gaming assets in the 2016
financial year which has resulted in a significant reduction of
its contribution to equity accounted earnings in the current
year.

The financial information on which this trading statement is
based has not been reviewed and reported on by GPI’s external
auditors. The financial results for the period ended 30 June 2017
will be published on or about 14 September 2017.

Cape Town
12 September 2017

Sponsor and corporate advisor:
PSG Capital

Date: 12/09/2017 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story